Dahua Rating｜Daiwa: It is expected that Chang'an, Geely, Sinotruk, and Times Electric will benefit from the old-for-new policy and are rated as "buy".

Gelonghui Finance · 01:53

Daiwa released a research report stating that the National Development and Reform Commission recently issued a notice on a number of measures to encourage equipment upgrades and replacing old consumer goods. A total of 300 billion yuan will be used to strengthen support for large-scale equipment upgrades and replacing old consumer goods. Among them, subsidies for replacing old automobiles have been increased. It is expected that Great Wall Motor, Geely Auto, Sinotruk, and Times Electric will all benefit from this policy and have a "buy" rating. The new policy is expected to drive the replacement demand for passenger vehicles, heavy-duty trucks, and new energy city buses to increase.

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大行评级｜大和：预料长汽、吉利、中国重汽及时代电气等将受惠以旧换新政策 予“买入”评级

Dahua Rating｜Daiwa: It is expected that Chang'an, Geely, Sinotruk, and Times Electric will benefit from the old-for-new policy and are rated as "buy".

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大行评级｜大和：预料长汽、吉利、中国重汽及时代电气等将受惠以旧换新政策予“买入”评级