According to the Zhiyun Financial APP, auto stocks collectively rose in the late session. As of this report, great wall motor (02333) rose by 4.55%, trading at 12.88 Hong Kong dollars; xiaopeng autos-W (09868) rose by 4.05%, trading at 46.2 Hong Kong dollars; ideal autos-W (02015) saw a net buy of 2.38%, trading at 88.35 Hong Kong dollars; leapmotor (09863) rose by 1.95%, trading at 28.75 Hong Kong dollars.

According to reports, the chairman of the European Parliament's Trade Committee, Bernd Lange, stated that the EU must readjust its competition policy following Trump's entry into the White House. He mentioned that there is hope for an agreement in the tariff dispute concerning Chinese electric autos. China is expected to commit to establishing a minimum price mechanism for electric vehicles exported to the EU. The head of ubs group's automotive industry research in China, Gong Min, believes this is positive news for Chinese auto companies, as setting a minimum price can guarantee profit levels per vehicle compared to imposing additional tariffs.

Furthermore, a Bernstein analyst wrote in a report that the Chinese electric vehicle market will maintain strong growth through 2025. They stated that the sales prospects for China's electric vehicle market remain vibrant, expecting the industry's sales growth next year to be around 20% to 25%. Although there may be some setbacks in the short term after the government's trade-in policy expires at the end of the year, the competition in the Chinese market is expected to remain very fierce, potentially putting pressure on pricing and profitability. They added that the growth rate of plug-in hybrid models may outpace the overall market.