LAU JUL4 Forum

In car stocks, $GEELY AUTO(00175.HK)$ and $LI AUTO-W(02015.HK)$ opened dropping 1.6%, while $BYD COMPANY(01211.HK)$ opened falling 0.3% at $240.8.

Electric car stocks $NIO-SW(09866.HK)$ and $XPENG-W(09868.HK)$ opened plunging 4.8% and 3.2% lower, while $LI AUTO-W(02015.HK)$ opened falling 1.7%. For domestic demand and consumer stocks, $NONGFU SPRING(09633.HK)$ opened 0.9% higher, $HENGAN INT'L(01044.HK)$ opened 1% lower, and $TRIP.COM-S(09961.HK)$ opened 2.4% lower.

Hong Kong stocks opened higher in the morning after two consecutive days of losses. $Hang Seng Index(800000.HK)$ opened 13 points or 0.1% higher at 17,741. $Hang Seng China Enterprises Index(800100.HK)$ opened 8 points or 0.1% higher at 6,325. $Hang Seng TECH Index(800700.HK)$ opened 16 points or 0.4% higher at 3,638.
Electric car stocks $LI AUTO-W(02015.HK)$ , $NIO-SW(09866.HK)$ and $XPENG-W(09868.HK)$ opened lifting 2.5% to 3.6%, while $BYD COMPANY(01211.HK)$ opened di...

Carmakers $GEELY AUTO(00175.HK)$ , $BYD COMPANY(01211.HK)$ , $LI AUTO-W(02015.HK)$ and $NIO-SW(09866.HK)$ ebbed 0.8-1.1%.

Car stocks $GEELY AUTO(00175.HK)$ and $BYD COMPANY(01211.HK)$ opened inclining over 1%, $LI AUTO-W(02015.HK)$ and $XPENG-W(09868.HK)$ opened hiking 4.4% and 5.4%, and $NIO-SW(09866.HK)$ opened escalating 2.3%.  $GWMOTOR(02333.HK)$ expected its 1H24 net profit to soar 3.7x to 4.3x YoY, and its shares opened 4.1% higher at $13.2.

$LI AUTO-W(02015.HK)$ inched up about 0.2%. $XPENG-W(09868.HK)$ gained 0.3%. $BYD COMPANY(01211.HK)$ shed 0.3%. $NIO-SW(09866.HK)$ and $GEELY AUTO(00175.HK)$ opened flat.

$Hang Seng TECH Index(800700.HK)$ opens 1.81% higher. New energy vehicle companies are performing better,  XPeng Motors $XPENG-W(09868.HK)$ jumped nearly 8% after releasing MONA M03, $NIO-SW(09866.HK)$ is up 6%, and $LI AUTO-W(02015.HK)$ rose over 4%. $BYD COMPANY(01211.HK)$ +0.87%.

$Tesla(TSLA.US)$ CHINA DELIVERED 71,007 UNITS, -24.2% Y/Y.
$BYD COMPANY(01211.HK)$ DELIVERED 340,211 UNITS, +35.2% Y/Y.
$XIAOMI-W(01810.HK)$ $LI AUTO-W(02015.HK)$ $GEELY AUTO(00175.HK)$

Among the automakers, $LI AUTO-W(02015.HK)$ spiked 4%, being the best-performing blue chip. $NIO-SW(09866.HK)$ climbed 2.8%. $GEELY AUTO(00175.HK)$ added 1.5%. $BYD COMPANY(01211.HK)$ and $XPENG-W(09868.HK)$ sank 0.1%-0.3%.