0427 GMT - China's electric-vehicle market is set to maintain robust growth in 2025, Bernstein analysts write in a note. Its outlook remains resilient in China with the sector sales growth projected to be around 20% to 25% next year, they add. While there may be some near-term setback after the government's trade-in policies expire at year-end, competition within China's market is expected to remain intense potentially pressuring pricing and profitability. Plug-in hybrid models are likely to outpace the broader market in growth, they add. Among EV manufacturers, Bernstein prefers BYD and Li Auto, maintaining outperform ratings on both.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
November 26, 2024 23:27 ET (04:27 GMT)
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