Weekly: Parts Suppliers Riding On Global Automobile Market Recovery
The US automobile market and European EV market are recovering strongly, which bodes well for the earnings of Chinese automobile parts suppliers like Nexteer, FYG, Minth and CATL. Among them, Nexteer has the highest exposure to the US and European markets, and its revenue will be increasingly driven by EV-related steering products. CATL is set to tap the burgeoning European EV market. Maintain MARKET WEIGHT. Top picks: Nexteer and CATL.