On September 16, BOCOM International issued a report indicating that, with the purchase tax on new energy vehicles set to revert to 5% of the vehicle price from 2026 onwards, a significant surge in car-buying activity is expected in the fourth quarter of this year. This anticipation stems from consumers likely wanting to take advantage of the current, presumably more favorable, tax conditions before the increase takes effect. The bank holds a strong conviction that the annual sales target of 32.3 million vehicles will be successfully met. Looking towards 2026, BOCOM International advises keeping a close eye on the speed at which new promotional policies are introduced. These policies could have a substantial impact on the automotive market dynamics. Furthermore, the official enforcement of L3 autonomous driving regulations is poised to be a pivotal factor in propelling the industry's growth in 2026, making it an area that warrants thorough monitoring and analysis.