Hong Kong stocks have fluctuated | Some Autos stocks rose in the afternoon as Shenzhen promotes car trade-in programs. Institutions state that Consumer demand for Autos is expected to continue recovering.
Some auto stocks rose in the afternoon. As of the time of writing, BYD Company (01211) increased by 5.43% to 380.4 Hong Kong dollars; Geely Auto (00175) rose by 3.15% to 17.68 Hong Kong dollars; BRILLIANCE CHI (01114) went up by 2.51% to 2.86 Hong Kong dollars; Guangzhou Automobile Group (02238) increased by 1.26% to 3.21 Hong Kong dollars.
Market Chatter: Volkswagen, Geely-Backed Ecarx in Talks to Develop Smart Vehicles for Europe, US
Express News | Shares in Renault, Stellantis, Valeo Down Between 2.3% and 4.5%
Market Chatter: Geely's UK Brand Lotus Cars Names President of Chinese Arm
Cui Dongshu: In February, the Autos market showed a trend of strong passenger vehicles and weak commercial vehicles, with total sales of 2.113 million units, a year-on-year increase of 33%.
At the beginning of February, the car market showed signs of fatigue after being overdrafted. After the policies were released and implemented, Consumers gradually lifted their wait-and-see attitude, and the market's activity quickly increased.
Huaxin Securities: In February, new energy vehicle companies collectively experienced significant growth, with new models driving sales increases.
Huaxin Securities remains Bullish on the Autos Industry and maintains a "Recommended" rating.
