China's Auto Sales May Regain Strength in 4Q -- Market Talk

Dow Jones

2025/11/19

0414 GMT - China's auto sales momentum could regain strength in 4Q due to front-loaded demand and promotions by carmakers, ahead of the upcoming halving of the EV purchase-tax exemption in 2026, HSBC Global Research analysts write in a note. HSBC raises its 2025 China passenger car demand growth forecast to 6% from 0% previously, after factoring in the positive impact of government subsidies. HSBC expects demand to be pulled forward into 2025 at year-end, driven by the expected subsidy phase-out. Consequently, HSBC forecasts 2026 demand to fall 3%, from its previous expectation of a 1% decline. Among automakers, the bank prefers Geely as it has been gaining EV market share and due to its strong product pipeline ahead in 4Q and 2026. HSBC also likes BYD due to its earnings growth outlook. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 18, 2025 23:14 ET (04:14 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2584991704"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2584991704\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2584991704?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-19 12:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584991704","market":"sg","top_or_hot":-1,"title":"China's Auto Sales May Regain Strength in 4Q -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0414 GMT - China's auto sales momentum could regain strength in 4Q due to front-loaded demand and promotions by carmakers, ahead of the upcoming halving of the EV purchase-tax exemption in 2026, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> Global Research analysts write in a note. HSBC raises its 2025 China passenger car demand growth forecast to 6% from 0% previously, after factoring in the positive impact of government subsidies. HSBC expects demand to be pulled forward into 2025 at year-end, driven by the expected subsidy phase-out. Consequently, HSBC forecasts 2026 demand to fall 3%, from its previous expectation of a 1% decline. Among automakers, the bank prefers <a href=\"https://laohu8.com/S/00175\">Geely</a> as it has been gaining EV market share and due to its strong product pipeline ahead in 4Q and 2026. HSBC also likes <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> due to its earnings growth outlook. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2025 23:14 ET (04:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Auto Sales May Regain Strength in 4Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Auto Sales May Regain Strength in 4Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-19 12:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0414 GMT - China's auto sales momentum could regain strength in 4Q due to front-loaded demand and promotions by carmakers, ahead of the upcoming halving of the EV purchase-tax exemption in 2026, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> Global Research analysts write in a note. HSBC raises its 2025 China passenger car demand growth forecast to 6% from 0% previously, after factoring in the positive impact of government subsidies. HSBC expects demand to be pulled forward into 2025 at year-end, driven by the expected subsidy phase-out. Consequently, HSBC forecasts 2026 demand to fall 3%, from its previous expectation of a 1% decline. Among automakers, the bank prefers <a href=\"https://laohu8.com/S/00175\">Geely</a> as it has been gaining EV market share and due to its strong product pipeline ahead in 4Q and 2026. HSBC also likes <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> due to its earnings growth outlook. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2025 23:14 ET (04:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1610","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584991704","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584991704","pubTimestamp":1763525640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0414 GMT - China's auto sales momentum could regain strength in 4Q due to front-loaded demand and promotions by carmakers, ahead of the upcoming halving of the EV purchase-tax exemption in 2026, HSBC Global Research analysts write in a note. HSBC raises its 2025 China passenger car demand growth forecast to 6% from 0% previously, after factoring in the positive impact of government subsidies. HSBC expects demand to be pulled forward into 2025 at year-end, driven by the expected subsidy phase-out. Consequently, HSBC forecasts 2026 demand to fall 3%, from its previous expectation of a 1% decline. Among automakers, the bank prefers Geely as it has been gaining EV market share and due to its strong product pipeline ahead in 4Q and 2026. HSBC also likes BYD due to its earnings growth outlook. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1610":"ETF&股票定投概念","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","HSHD.SI":"HSBC HK SDR 5to1","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","BK4585":"ETF&股票定投概念","HSBA.UK":"汇丰控股有限公司","HSBC":"汇丰","BK1231":"综合性银行","BK4207":"综合性银行","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4521":"英国银行股","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","03143":"华夏香港银行股","BK1572":"香港银行股","BK1601":"香港本地股","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4588":"碎股","00005":"汇丰控股","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC"},"translate_title":"中国汽车销量可能在第四季度恢复强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":0.9,"HSBA.UK":0.6,"HSHD.SI":0.6,"03143":0.6,"00005":0.9},"content_text":"0414 GMT - China's auto sales momentum could regain strength in 4Q due to front-loaded demand and promotions by carmakers, ahead of the upcoming halving of the EV purchase-tax exemption in 2026, HSBC Global Research analysts write in a note. HSBC raises its 2025 China passenger car demand growth forecast to 6% from 0% previously, after factoring in the positive impact of government subsidies. HSBC expects demand to be pulled forward into 2025 at year-end, driven by the expected subsidy phase-out. Consequently, HSBC forecasts 2026 demand to fall 3%, from its previous expectation of a 1% decline. Among automakers, the bank prefers Geely as it has been gaining EV market share and due to its strong product pipeline ahead in 4Q and 2026. HSBC also likes BYD due to its earnings growth outlook. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2025 23:14 ET (04:14 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}