- UOB Kay Hian reported mixed sales performance among China's five major automakers in June, with strong export growth contrasting with weak domestic demand.
- BYD COMPANY and GEELY AUTO excelled in overseas sales and electric vehicles, while GWMOTOR and LI AUTO-W faced domestic challenges.
- The firm maintains an "Equalweight" rating on the sector, raising price targets for BYD COMPANY and lowering for GEELY AUTO and GWMOTOR, while recommending LI AUTO-W as a "Sell."
