The automotive sector has seen a rare rebound in the past two days, and it's worth considering the logic behind it. Long-term, the automotive sector, especially electric vehicles, has already established itself as a global leader in terms of market and technology. Moreover, the country has been continuously supporting the new energy automotive industry. With economic downward pressure this year, the automotive sector, being a major expenditure for consumers, is definitely going to continue to be supported. So, from a long-term perspective, the industry logic is sound. In the short-term, it's an oversold rebound. After all, companies like Xiaopeng have experienced prolonged declines, nearly halving in value, and BYD has taken quite a hit after Warren Buffett reduced his shareholding.
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