Auto Parts Industry
Recently, the State Council approved the National Development and Reform Commission and other departments to promote the expansion of domestic demand and encourage the replacement of vehicles and home appliances. It is believed that the benefits of light trucks and micro-cards are more obvious. The subsidy amounts for light and micro cards are 5,000 and 4,000 yuan, respectively. The subsidy ratio is obviously higher than that of the medium and heavy trucks and large and medium-sized passengers. It is the model with the most obvious benefit.
Maintain a cautiously recommended investment rating for the auto industry. The latest policy has a positive effect on the overall commercial vehicle segment. Benefits include listed companies such as Foton Motor, Yunnei Power, Jiangling Motors, JAC, Weichai Power, China National Heavy Duty Truck, Yutong Bus and Jinlong Automobile. However, due to the relatively large benefits of light trucks and micro-cards, Futian Automobile, which is a light truck leader, and Yunnei Engine, which mainly produces light-duty diesel engines, benefit more significantly.
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