Macquarie Capital on Beijing's Auto Sector Support

The transcript discusses the performance of the auto sector, highlighting a 10% growth despite the lack of subsidies. The EV sector is a bright spot, with expectations of continued growth. Industry consolidation is anticipated, with a focus on the transition from ICE to EV. Pricing strategies and competition are key factors, with government interventions affecting market dynamics. The future outlook emphasizes the importance of product portfolios and distribution channels, with BYD as a leading example.

What role does the transition from ICE to EV play in the current market dynamics?

How are pricing strategies evolving in the EV market amidst competition and consumer demand?

What are the key factors that will determine the winners and losers in the EV market?