Broker Name: DBS

Date of Report: Not Specified

Excerpt from DBS report.

• Report Summary:
• DBS expects domestic passenger vehicle retail sales in China to decline by 4% in 2026, recommending investment in domestic market share winners such as Geely, XPeng, and Leapmotor due to their strong product portfolios.
• Exports and robotics are highlighted as key growth drivers, with Geely, XPeng, and BYD seen as leading beneficiaries from export momentum, and XPeng positioned as a prime robotics proxy; Leapmotor also offers upside from product upgrades and overseas expansion.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com