0325 GMT - China auto industry watchers generally hold a cautious view on the domestic demand looking into 2027, says Bernstein analysts in a note. The weak outlook is related to consumer spending, limited policy support and the possibility of flat-to-negative on-year growth, they say. In contrast, sentiment on exports remains constructive, although most expect growth to moderate following the exceptionally strong expansion seen this year, they say. Industry participants continue to expect EV penetration to reach 80% to 90% by 2030, thanks to ongoing electrification and a further shift toward full EVs, they say.