Electric vehicle stocks rose across the board in early trading. As of the time of writing, Baic Motor (01958) rose 6.4% to HKD 2.16, li auto inc-W (02015) rose 3.93% to HKD 76.7, and Brilliance Chi (01114) rose 3.67% to HKD 4.24.
According to the Futu Securities app, electric vehicle stocks rose across the board in early trading. As of the time of writing, Baic Motor (01958) rose 6.4% to HKD 2.16, li auto inc-W (02015) rose 3.93% to HKD 76.7, Brilliance Chi (01114) rose 3.67% to HKD 4.24, and NIO-SW (09866) rose 3.06% to HKD 35.35.
On the news front, the overall delivery volume of 15 new forces vehicle companies increased by 8% compared with the previous month in June. The total delivery volume of 15 new energy passenger vehicle key enterprises was 676,800 units, up 49% year-on-year and 8% month-on-month. Among them, NIO, Leapmotor, Xpeng, Weltmeister, and BYD all achieved historical highs in monthly deliveries, and the overall performance of the industry exceeded expectations. Li Auto and Weltmeister had the largest month-on-month increase in deliveries, while Leapmotor's deliveries exceeded 20,000 for the first time, performing better than expected.
In addition, Tesla soared more than 10% overnight. Tesla delivered 443,956 vehicles in the second quarter, higher than the Wall Street's previous expectation of 439,000, securing its position as the best-selling electric vehicle manufacturer in the world. Minsheng Securities pointed out that the singularity of automobile intelligence has arrived, and there are opportunities for independent technology output and incubation. The ability of automotive intelligence will become an important factor in the competition among vehicle manufacturers.