Central china securities pointed out that the overall demand of automobile market declined in October, but with the decline of automobile purchase tax subsidy policy and the price reduction of new energy vehicles represented by high-end new energy leading car companies, the demand is expected to increase in November. The market share of independent brands is constantly increasing, the structure wins, and we are optimistic about the main line of independent rise. The penetration rate of new energy is constantly improving, and the development of electrification and intelligence in the automobile industry is in the ascendant. It is suggested that we continue to focus on the leading layout of subdivision areas and the high-quality parts companies with electrification and intelligence racetracks.