Barclays published a deep-dive on China's auto sector after September field research and recent EU trade policy developments, maintaining a negative rating on European autos and parts. The note highlights a weak domestic China market, a strong export profit engine, and upcoming EU trade defense measures as short-term catalysts.
Barclays remains bearish on European autos, seeing China's export-driven cost advantage as an irreversible threat despite potential near-term EU trade defenses.
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