Global Autos Daily: Market Update

Research evidence excerpt

Global Autos Daily: Market Update

Deutsche Bank

Research

Europe Strategy Date

18 June 2026

Global Autos Daily Market Update

The Morning News

Tim Rokossa

Aumovio & BYD updates, Focus Europe - Inflation Head of European Equity Research

Chartbook, Europe Blog - What to expect, UK Macro

Handbook - Inflation Chartbook, Fed Notes - June FOMC Christoph Laskawi

Research Analyst

recap, FX Blog - It's simple

Nicolai Kempf

INVITES: Ferrari Expert call (7/9), Truck'n'Roll - Truck IAA

Field trip (9/15-16) Edison Yu

Aumovio - Autonomous trucking - earnings machine? (Laskawi) Bin Wang

The autonomous trucking contract is one of the most important contracts for long Research Analyst

term targets in Aumovio's Autonomous Commercial Mobility division and as the Nikita Papaccio

SOP comes closer catches more attention from the market. We provide an overview Research Analyst

of the contract structure and model the long term potential of the contract itself.

Winnie Dong

While we see the opportunity for sizeable margin accretion from a successful high

scale roll out, we do not see the contract moving the dial on the long term topline

target of more than €6bn in revenues. Overall, we see the cooperation as a binary Laura Li

outcome with high scale leading to sizeable earnings growth and creating a cash/ Research Associate

earnings machine while low scale adoption carries the risk of significant write James Mulholland, CFA

downs. We remain positive on Aumovio seeing significant upside for shares thanks Research Associate

to its earnings growth and cash generation potential. Confirm Buy with target price Wei Huang

of €55. (See details here) Research Associate

Mira Wiegratz

BYD - "Great Tang" Flagship SUV Launches with Strong Order Backlog On Hand Research Associate

(Wang)