[Huatai Securities: commercial cars will usher in a recovery in 2023, bullish on the profit recovery of leading enterprises] Huatai Securities said that under the advantages of the Shanghai auto show and the peak car buying season before May Day, the wait-and-see demand of the passenger car market from April to May is expected to be transformed into actual transactions, leading to an increase in sales; under the general trend of intelligent and electrified development, manufacturing in China will simultaneously localize and open up overseas markets. Continuous attention: domestic replacement of traditional parts; technological breakthroughs drive industrial growth; 800V high voltage and other sub-areas with leading advantages. Commercial vehicles will usher in a recovery in 2023, and it is optimistic that the profits of leading enterprises will recover.