A research report from China Galaxy Securities highlights a remarkable surge in auto market sales during the first quarter of this year, alongside the burgeoning robotics industry, which has fueled substantial excess returns within the automotive sector. In the first quarter of 2025, the investment market value of auto stocks constituted 3.47% of the heavily-weighted holdings of funds (common stock + partial stock hybrid), marking a year-on-year increase of 1.30 percentage points and a quarterly rise of 0.53 percentage points. Public funds have consistently augmented their allocations to the automotive sector, with the holding ratio rising quarter-on-quarter for five consecutive quarters, achieving a record high. Notably, investors have shown keen interest in leading auto firms such as BYD, Leapro, and Li Auto, along with related robotics stocks. Looking ahead to the second quarter of 2025, with the unveiling of multiple new energy products from independent brands at the Shanghai Auto Show, the auto market's high growth trajectory is anticipated to persist, underscoring the sector's enduring investment potential.