Hong Kong stock market anomaly | Autos stocks perform strongly in early trading, with nearly 50% year-on-year growth in October new energy vehicle sales. The outlook for November auto retail sales is expected to continue to improve.

Auto stocks performed strongly in the morning session. As of the time of publication, Peking autos (01958) rose by 4.48% to 2.33 Hong Kong dollars; Guangzhou Automobile Group (02238) rose by 4.47% to 3.27 Hong Kong dollars; Great Wall Motor (02333) rose by 4.5% to 14.4 Hong Kong dollars; Geely autos (00175) rose by 4.38% to 15.24 Hong Kong dollars.

Zhitong Finance20:52 ET

China NEV Sales Rise to New Record of 1.43 Million in Oct, CAAM Data Show

CnEVPostNov 11 02:16 ET

New energy vehicles achieved a record high in retail sales in October, with a consecutive four-month market share of over 50%. China Association of Automobile Manufacturers: Expected to grow nearly 40% for the whole year.

①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.

cls.cnNov 8 05:05 ET

Geely Automobile Plans Major Securities Redemption

TipRanksNov 8 04:40 ET

geely auto (00175.HK): intends to redeem 0.5 billion US dollars of preference perpetual capital securities.

Geely Auto (00175.HK) announced on November 8th that the company is issuing $0.5 billion USD of preferred perpetual capital securities (common code: 207889792; international securities identification code: XS2078897928) ("Securities"). In accordance with the terms and conditions of the Securities, the company announced today that it has notified the trustee and security holders: (a) it intends to exercise its optional redemption right under condition 6(b) to redeem all issued securities with a total principal amount of $0.5 billion USD; (b) the redemption date is December 9, 2024; (c) the redemption price is equivalent to

Gelonghui FinanceNov 8 04:38 ET

Express News | Geely Automobile - Notice of Intention to Redeem US$500 Mln Senior Perpetual Capital Securities

ReutersNov 8 04:34 ET