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

Dow Jones

Nov 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)

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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":"BK1231","symbol_name":"综合性银行","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. 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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"}}}