Financial Services Association, November 11 (Editor: Hu Jiarong) Due to recent market shortfalls, the short selling situation of Hong Kong auto stocks continues to grow. NIO - SW (09866.HK) and Great Wall Motor (02333.HK) have a large short selling ratio. However, the situation of Xiaopeng Motor-W (09868.HK) has improved.

In terms of news, the European Commission recently issued an announcement stating that the countervailing investigation against Chinese electric vehicles has been terminated, and the final tariffs officially came into effect on October 30, local time. The specific tax rate varies from company to company: BYD 17%, Geely Auto 18.8%, SAIC Motor as high as 35.3%, other companies cooperating with the survey levy 20.7%, and those that do not cooperate with the survey levy 35.3%.

Furthermore, Trump's rise to power may have some impact on the Chinese auto industry. According to related reports, in October of this year, Trump said in a speech at the Chicago Economic Club that if he is re-elected, he will impose high tariffs on imported cars, including Europe and Mexico.

According to relevant data, South America, where Mexico is located, has always been regarded by Chinese car companies as a springboard for entering the North American market. Car companies such as Chery, BYD, and Great Wall have all set up their doors in South America.

Affected by the above news, the short selling ratio of NIO and Great Wall Motor continued to increase, and the ratio was close to 40%.

Specifically, NIO's short selling ratio rose from 35.98% at the beginning of this month to 36.86% last Friday. Notably, this ratio once fell to 28.24%.

Note: NIO's short selling ratio

Great Wall Motor experienced a similar situation. At one point, the short selling ratio fell back to 22.63% during this period.

Note: Great Wall Motor's short selling ratio

Xiaopeng Motor's short selling ratio fell sharply

Xiaopeng Motor's short selling fell sharply due to the recent rebound. Specifically, the company's short selling ratio fell from 27.46% at the beginning of this month to 13.98% last Friday.

Note: Xiaopeng Motor's short selling ratio

Xiaopeng Motor's change is related to recent related reports. In terms of news, Xiaopeng Motor held a press conference on the 7th, and the P7+ was officially launched. The model uses a single-motor rear drive and is equipped with a 60.7 kilowatt-hour and 76.3 kilowatt-hour lithium iron phosphate battery pack. The CLTC has a maximum battery life of 725 kilometers, and the starting price is 0.1868 million yuan, down 0.023 million yuan from the pre-sale price.

He Xiaopeng also revealed on the same day that the AI robot Xiaopeng Iron will be equipped with multiple self-developed chips to support large models, and has 15 mimicry hands that support touch feedback. Currently, the robot is already undergoing Xiaopeng P7+ model production training at Xiaopeng's Guangzhou factory, and Xiaopeng Iron will focus on scenarios such as factories and stores in the future.