China on the ground – June 2026 "Key words: EV and high-end manufacturing" Hong

Research evidence excerpt

China on the ground – June 2026 "Key words: EV and high-end manufacturing" Hong

Global Research

20 July 2026ab

China on the ground – June 2026 Equities

ChinaKey words: EV and high-end manufacturing

Industrial

Sky Hong

Our monthly series provides investors with first-hand, on-the-ground knowledge on Analyst

China by leveraging UBS's extensive onshore coverage and presence. In addition to sky.hong@ubs.com

feedback from various field trips UBS conducted in China, we present a sector heat map +86-21-3866 8856

based on company visits and crowding factors from UBS's Quant team. Robin Xu

Analyst

Made in China for the world S1460511010012

Our auto team organised its flagship EV and AD tour, meeting 21 companies and bin.xu@ubs.com

industry professionals across five cities. While recognising the current challenges faced +86-21-3866 8872

by the industry (low domestic demand, high cost pressure, and fierce competition), the Jay Song

team turned more constructive on the high quality companies given China's superior EV Associate

technology and efficiency, and a recent correction in share prices. Based on our record of S1460125100002

company visits, tech hardware recorded the largest increase in investor meeting/visit jay.song@ubs.com

+86-21-3866 8434share in June, while semi & semi cap posted the largest decline. According to UBS's

China Corporate Access team, the tech, auto and materials sectors in China led Gus Huang, CFA

investor visits in Q226 (tech, internet and auto in Q126), while companies that Analyst

investors most wanted to meet were Minimax, Brien, Kedali (Robust growth S1460522090006

gus.huang@ubs.commomentum), Neway Valve (negatives largely priced in; risk-reward turning more

+86-21-3866 8541

favourable), CATL, Iluvatar, Victory Giant, YOFC, Biwin and CFMoto Power.