Industry point of view: the data of August by cib, special passenger car sales year-on-year growth of 13%, in line with market expectations. Is expected in the near future policy is expected to launch new energy cars, we in the performance will be through - performers with automotive industry investment strategy report, special analysis and the comparison of new energy automobile policy, if the new energy automobile policy, focus on the related listed companies is expected to benefit from the: byd, yutong, gac, jianghuai, etc. September is expected to large and medium-sized passenger car sales are expected to usher in a season, large and medium-sized passenger car leading shares have catch up space. Heavy card sales in August 48000, we remain cautious about heavy card point of view. Short-term recommendations focus on new energy vehicles to benefit the company, long-term continue to recommend a passenger growth targets: changan (000625, buy), jianghuai automobile (600418, overweight); , guangzhou automobile group (601238, overweight); Quality target: saic (600104, buy), Great Wall motor (601633, overweight); Coach recommended: yutong bus (600066, buy), dealers recommend: the machine car (600335, overweight).