On December 23rd, a research report released by CITIC Construction Investment revealed that the current market sentiment towards stimulus policies and production-sales forecasts for the automotive sector in the upcoming year is rather subdued. Despite the automotive industry's traditionally pro-cyclical characteristics showing signs of diminishing, market expectations might have already reached their lowest point. However, propelled by technological advancements, growth sectors such as robotics and autonomous driving continue to be focal points. The Ministry of Industry and Information Technology has given the green light for two Original Equipment Manufacturers (OEMs), based in Chongqing and Beijing respectively, to introduce one L3-level autonomous driving vehicle model each. This marks a significant milestone in the commercialization journey of L3-level autonomous driving technology within China. CITIC Construction Investment expresses a positive outlook on the trajectory of domestically produced passenger vehicles, particularly in terms of their intelligence and luxury positioning. Furthermore, it holds a favorable view of leading automakers that are thriving in the robust new vehicle cycle and expanding their presence in the overseas new energy market.