中国汽车行业报告（英）.docVIP

M Foundation March 15, 2022 08:01 PM GMT China Autos Shared Mobility Reshaping Chinas auto industry Despite the distorted industry cycle in recent years from aspects such as COVID and supply issues, we think the Chinese auto industry is being reshaped, amid the emergence of replacement demand and the rise of hybrid vehicles due to tightening policy requirements on fuel consumption. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivit