Auto stocks weakened further in the afternoon, with Xpeng Motors (09868) falling 8%. The market is concerned that BYD and Xiaomi's large-scale placement of shares may trigger a wave of share placements among car companies.

Jingwu Finance | Auto stocks weakened further in the afternoon, with XPeng Motors (09868) down 8% at HKD 79.35; Great Wall Motor (02333) down 7.62% at HKD 14.54; Xiaomi Group (01810) down 5.79% at HKD 53.7; Li Auto (02015) down 4.56% at HKD 100.4; Geely Auto (00175) down 5.55% at HKD 16.68; LEAPMOTOR (09863) down 4.74% at HKD 48.25. Following BYD's (01211) capital raise of HKD 43.5 billion, small

Jingu Financial News03:28 ET

Trending Industry Today: XPENG-W Leads Losses In Automobile Stocks

Moomoo News02:40 ET

Li Auto Says It Sold 8,600 Cars Last Week

CnEVPost00:10 ET

Hong Kong stock movement | Li Auto-W (02015) dropped over 4% during trading, with Wang Xing having continuously reduced shareholding for four days last week, cashing out nearly 0.7 billion Hong Kong dollars.

Li Auto-W (02015) fell over 4% during the session, as of the report it had dropped 3.8%, trading at 101.2 HKD, with a turnover of 0.696 billion HKD.

Zhitong Finance23:30 ET

Trending Industry Today: XIAOMI-W Leads Losses In Electric Vehicles Stocks

Moomoo News22:50 ET

Hong Kong stocks have been moving unusually | Autos stocks fell generally in the morning as Trump stated that auto tariffs will be introduced soon, and the trend of divergence in the auto market has recently intensified.

In the morning session, automobile stocks fell broadly. As of the time of writing, Great Wall Motor (02333) dropped 5.72%, priced at 14.84 HKD; Xpeng Motors-W (09868) fell 4.75%, priced at 82.15 HKD; Li Auto-W (02015) decreased by 3.42%, priced at 101.6 HKD; Guangzhou Automobile Group (02238) declined by 1.87%, priced at 3.15 HKD.

Zhitong Finance22:12 ET