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Short Sellers Targeting Major Auto Stocks, Growing Their Positions - S3 Partners
US MOVERS&SHAKERS Dec 16-Dec 20, 2024
Automotive Sector To Remain Robust In 2025 Supported By EV Incentives
Hong Kong stocks movement | Electric Vehicle stocks are rising. The year-end peak season, combined with the trade-in policy, continues to boost the industry's high prosperity trend.
The stocks of Electric Vehicles are rising. As of the time of writing, NIO-SW (09866) is up 5.48%, quoted at 36.55 Hong Kong dollars; LEAPMOTOR (09863) is up 4.19%, quoted at 32.3 Hong Kong dollars; Ideal Auto-W (02015) is up 2.91%, quoted at 93.7 Hong Kong dollars.
Hong Kong stocks moving | Li Auto-W (02015) rises over 3% as it collaborates with the Aerospace Material Institute to jointly develop aerospace-grade Battery thermal insulation materials.
Ideal Autos-W (02015) rose over 3%, up 3.24% as of the time of writing, priced at 94 Hong Kong dollars, with a transaction volume of 0.553 billion Hong Kong dollars.
Financial Associated Press Autos Morning News [December 20th]
① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.