China Galaxy Securities: Several flagship new energy products are expected to be launched one after another after the holiday, and consumer consumption in the automobile market is expected to rebound.

Galaxy Securities' research report stated that from January to February is the traditional off-season for consumption during the Chinese Spring Festival, combined with the impact of policy easing, domestic automobile sales have temporarily declined. Looking ahead to after the Spring Festival, resumption of production and work will proceed orderly, and the first national A-level car exhibition, the Beijing Auto Show, is approaching. Car companies are about to enter the flagship new product release cycle for the first half of 2026. New cars such as the Ideal L9 Livis, Xiaopeng GX, BYD Datang, Xiaomi YU 7GT, new SU7, WM M6, Weipai V9X, Zhijie V9, and Jike 8X are expected to be launched, ushering in a new round of intensive supply in the market and potentially driving market demand recovery. The penetration rate of new energy is expected to rebound.