--- title: "Morgan Stanley expects the mainland automotive industry to rebound in the second quarter of this year, with passenger car demand potentially increasing by about 30%" type: "News" locale: "en" url: "https://longbridge.com/en/news/278818022.md" description: "JP Morgan released a research report, expecting the mainland automotive industry to rebound in the second quarter of this year, with passenger car demand potentially increasing by about 30%. Geely Auto and CNHTC-JNTC are expected to outperform market expectations, while Nio and XPeng have significant upside potential in the second half of the year. BYD and Leapmotor will gradually rebound after the performance announcement in March, while Li Auto faces stock price pressure. Overall, the industry benefits from a low base and improved foot traffic before the Beijing Auto Show" datetime: "2026-03-12T03:28:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278818022.md) - [en](https://longbridge.com/en/news/278818022.md) - [zh-HK](https://longbridge.com/zh-HK/news/278818022.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278818022.md) | [繁體中文](https://longbridge.com/zh-HK/news/278818022.md) # Morgan Stanley expects the mainland automotive industry to rebound in the second quarter of this year, with passenger car demand potentially increasing by about 30% JP Morgan released a research report on the mainland automotive industry, expecting that Geely Auto (00175.HK) and CNHTC-JNTC (03808.HK) will still outperform Bloomberg's market expectations this year despite challenges from rising industry demand and input costs. Additionally, the bank anticipates that NIO (09866.HK) and XPeng (09868.HK) will show the greatest upside potential in the second to third quarters or the second half of this year, driven by their own factors. As for BYD (01211.HK) and Leapmotor (09863.HK), they are expected to gradually rebound after announcing their results in March, as the market has already digested more conservative and achievable profit forecasts. In contrast, Li Auto (02015.HK) may face greater pressure on its stock price due to the downside risks in market consensus profit forecasts. The bank believes that the Chinese automotive industry will rebound in the second quarter, with passenger car demand expected to grow by about 30% quarter-on-quarter at both wholesale and retail levels, benefiting from a low base and, more importantly, an improvement in foot traffic before the Beijing Auto Show (April 24 to May 3). Furthermore, the adverse factors from downward adjustments in profit forecasts will become a thing of the past after the March earnings period ### Related Stocks - [BYD Company Limited (BYDDY.US)](https://longbridge.com/en/quote/BYDDY.US.md) - [GEELY AUTO (00175.HK)](https://longbridge.com/en/quote/00175.HK.md) - [LEAPMOTOR (09863.HK)](https://longbridge.com/en/quote/09863.HK.md) - [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md) - [BYD COMPANY (01211.HK)](https://longbridge.com/en/quote/01211.HK.md) - [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md) - [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md) - [CNHTC-JNTC (000951.CN)](https://longbridge.com/en/quote/000951.CN.md) - [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md) - [BYD (002594.CN)](https://longbridge.com/en/quote/002594.CN.md) - [SINOTRUK (03808.HK)](https://longbridge.com/en/quote/03808.HK.md) - [NIO Inc (NIO.SG)](https://longbridge.com/en/quote/NIO.SG.md) - [BYD Company Limited (BYDDF.US)](https://longbridge.com/en/quote/BYDDF.US.md) - [LI AUTO-W (02015.HK)](https://longbridge.com/en/quote/02015.HK.md) - [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/en/quote/516380.CN.md) - [Ping An CSI New Energy Vehicles Industry ETF (515700.CN)](https://longbridge.com/en/quote/515700.CN.md) - [Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF (520720.CN)](https://longbridge.com/en/quote/520720.CN.md) - [Geely Automobile Holdings Limited (GELYY.US)](https://longbridge.com/en/quote/GELYY.US.md) - [GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD (GELHY.US)](https://longbridge.com/en/quote/GELHY.US.md) - [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/en/quote/515030.CN.md) - [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md) - [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/en/quote/159323.CN.md) ## Related News & Research - [Geely & Zeekr Right Behind BYD with 1,500 kW Charging](https://longbridge.com/en/news/278731379.md) - [Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results | LI Stock News](https://longbridge.com/en/news/278846598.md) - [Xpeng to kick off VLA 2.0 test drives on Mar 11 as analysts see autonomous driving leap](https://longbridge.com/en/news/278472738.md) - [Smart recalls 18,217 EVs in China due to battery fire risk](https://longbridge.com/en/news/278815646.md) - [Li Auto narrowly returns to profit amid plunging vehicle deliveries](https://longbridge.com/en/news/278849383.md)