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Guolian Minsheng Securities: Line control steering is considered the core execution layer Hardware for future smart driving, recommending suppliers with leading market share and product progress.
Domestic suppliers with a leading current market share and fast product implementation speed are expected to benefit greatly. Recommended core Tier 1 companies include Huayu Automotive Systems (600741.SH), NEXTEER (01316), and Bethel Automotive Safety Systems (603596.SH).
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China Galaxy Securities: The effect of the local subsidy policy is significant, driving the revival of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24th, the national automobile scrappage renewal subsidy applications totaled 1.57 million, while local automobile replacement renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application volume, which significantly boosts domestic demand.