Most of the auto stocks rebounded, as of the deadline for submission,$XPENG-W (09868.HK)$up 8.99%, at 49.1 Hong Kong dollars;$NIO-SW (09866.HK)$up 7.2%, at 49.9 Hong Kong dollars;$LI AUTO-W (02015.HK)$up 4.20%, at 109.2 Hong Kong dollars;$BYD COMPANY (01211.HK)$Rising by 2.41%, closing at 298 Hong Kong dollars.

On the news front, during this year's National Day holiday, the domestic car market has seen a consumer frenzy. Hongmeng Intelligent Travel official data shows that during the National Day holiday, the Zhirui R7, Wenjie M9, and Wenjie M7 respectively exceeded 9,600, 7,800, and 9,000 units. On the evening of October 7,$LEAPMOTOR (09863.HK)$CEO Zhu Jiangming expressed on WeChat Moments that on the last day of the National Day holiday, Leapmotor's sales volume hit another all-time high, with over 17,000 units sold in the 7-day holiday period. Xiaomi Group Chairman Lei Jun confirmed in a post that during the 'Eleventh' holiday, Xiaomi's SU7 secured over 6,000 orders. Car fans founder Sun Shaojun stated$ZEEKR (ZK.US)$During the National Day period, Leapmotor exceeded ten thousand units, Li Auto added over 0.02 million units. Xpeng added orders exceeding 0.016 million units.

Additionally, with the arrival of the peak season for the automotive industry known as 'Golden September and Silver October,' and the increased release of incremental policies for trading in old cars, the new energy vehicle market accelerated its growth in September, reaching historic highs for multiple brands. In September, BYD Company Limited sold 419,426 automobiles, a 45.9% year-on-year increase; LI Auto Inc. delivered 53,709 new cars in September, a 48.9% year-on-year growth, setting a new delivery record; Leapmotor delivered 33,767 new cars in September, a 113.7% year-on-year increase; Xpeng set a new monthly record with 21,352 deliveries in September, a 39% year-on-year growth; Nio delivered 21,181 cars in September, a 35.4% year-on-year growth.

Editor/Rocky