HSI Opens 26 pts Lower; BYD ebbed 0.3%

$Hang Seng Index (800000.HK)$ opened 26 points or 0.2% lower at 17,847. $Hang Seng China Enterprises Index (800100.HK)$ opened 16 points or 0.3% lower at 6,290. $Hang Seng TECH Index (800700.HK)$ opened 22 points or 0.6% lower at 3,478.

For autos, $XPENG-W (09868.HK)$ jumped up 2.3% after it launched mass market brand, with a selling price starting from nearly US$17,000. Its peer $LI AUTO-W (02015.HK)$ receded 7.6% to $77.6 as it will release results today. $BYD COMPANY (01211.HK)$ ebbed 0.3%, while $EVERG VEHICLE (00708.HK)$ faded 1.8% after its 1H24 loss is expected to widen to RMB20.254 billion.