--- title: "CMSI: Robust Export of CN Auto Brands; Top Pick GEELY AUTO" type: "News" locale: "en" url: "https://longbridge.com/en/news/290164224.md" description: "CMSI highlights robust Chinese auto exports despite weak domestic demand, recommending global automakers. Geely Auto is the top pick with an Overweight rating and HKD36 target price, alongside BYD at HKD130. XPeng's TP was cut to HKD103 due to high R&D costs, while Li Auto's forecast was reduced amid REEV competition. CMSI also favors overseas-expanding parts makers like Mintth Group, Fuyao Glass, and Weichai Power." datetime: "2026-06-18T08:25:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290164224.md) - [en](https://longbridge.com/en/news/290164224.md) - [zh-HK](https://longbridge.com/zh-HK/news/290164224.md) generator: "portal-rs" --- # CMSI: Robust Export of CN Auto Brands; Top Pick GEELY AUTO In 5M26, the recovery pace of domestic demand in China’s auto market remained rather weak, but export performance stayed strong and continued to hit record highs, with the market share of high-end models advancing, CMSI said in its report. The broker recommended investors focus on automakers going global and moving upmarket, and highlighted GEELY AUTO (00175.HK) -0.450 (-2.363%) Short selling $110.57M; Ratio 30.455% and BYD COMPANY (01211.HK) -1.050 (-1.282%) Short selling $118.53M; Ratio 17.080% as key recommendations among the first-tier exporters, with GEELY AUTO as the top pick. It noted robust demand for its premium brand ZEEKR and maintained an Overweight rating with a TP of HKD36. CMSI also maintained an Overweight rating on BYD COMPANY with a TP of HKD130. The broker was bullish about XPENG-W (09868.HK) -1.850 (-3.468%) Short selling $100.16M; Ratio 26.259% ’s Robotaxi and robotics-driven AI valuation resilience. However, in view of its relatively high exposure to mid- to low-end models and increased R&D investment, it lowered its revenue and earnings forecasts for 2026-28 and cut the TP to HKD103 from HKD115, while maintaining an Overweight rating. CMSI also reduced its revenue forecasts for LI AUTO-W (02015.HK) -1.900 (-3.525%) Short selling $43.40M; Ratio 17.377% for 2026-28 by 12%, 9% and 5%, respectively, to reflect escalating competition in range-extended electric vehicle (REEV) products. It lowered the TP to HKD61 from HKD74 and maintained a "Neutral" rating. For other stocks, the broker favored auto parts makers with overseas business expansion and positioning in new segments, including MINTH GROUP (00425.HK) -1.740 (-5.566%) Short selling $12.14M; Ratio 10.309% , FUYAO GLASS (03606.HK) -1.700 (-3.229%) Short selling $10.44M; Ratio 13.664% and WEICHAI POWER (02338.HK) +1.200 (+3.115%) Short selling $171.72M; Ratio 36.236% , all being rated Overweight. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-18 12:25.) ### Related Stocks - [02338.HK](https://longbridge.com/en/quote/02338.HK.md) - [GELHY.US](https://longbridge.com/en/quote/GELHY.US.md) - [03606.HK](https://longbridge.com/en/quote/03606.HK.md) - [GELYY.US](https://longbridge.com/en/quote/GELYY.US.md) - [00175.HK](https://longbridge.com/en/quote/00175.HK.md) - [000338.CN](https://longbridge.com/en/quote/000338.CN.md) - [600660.CN](https://longbridge.com/en/quote/600660.CN.md) - [00425.HK](https://longbridge.com/en/quote/00425.HK.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [XPEV.US](https://longbridge.com/en/quote/XPEV.US.md) - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [LI.US](https://longbridge.com/en/quote/LI.US.md) - [80175.HK](https://longbridge.com/en/quote/80175.HK.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) ## Related News & Research - [Leapmotor launches A05, taking aim at entry EV market led by Geely Xingyuan](https://longbridge.com/en/news/295547307.md) - [Three Chinese automakers: BYD, Geely and Chery break into the global top 10](https://longbridge.com/en/news/295050005.md) - [Geely Auto reshuffles top management to advance One Geely strategy](https://longbridge.com/en/news/296082851.md) - [Geely Auto lifts export goal to 920,000 as overseas becomes only growth engine](https://longbridge.com/en/news/296116470.md) - [GEELY AUTO Raises Full-yr Vehicle Export Target to 920,000 Units, Strengthens Expansion of Luxury Vehicle Products](https://longbridge.com/en/news/296086032.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**