Huatai Securities: Recommended to pay attention to the whole vehicle companies that have advantages in the entire industry chain and actively expand globally.

Huatai Securities research report pointed out that three key changes in the automotive industry are worth attention recently: the price increase of storage chips, copper and aluminum brings pressure to the cost of whole vehicle enterprises; Bosch's performance is under pressure, reflecting the challenges of European supply chain transformation; Canada has lowered the tariff on Chinese electric vehicles to 6.1%, Chinese car companies are opening up the North American market and embracing opportunities. The global automotive industry is in a deep adjustment phase, and it is recommended to focus on whole vehicle enterprises with advantages in the entire industry chain and active layout globally.