On March 6, it was reported that auto stocks generally rose today. As of the time of writing,$GEELY AUTO (00175.HK)$surging over 6%,$LEAPMOTOR (09863.HK)$Surging over 5%,$XPENG-W (09868.HK)$up nearly 4%,$GWMOTOR (02333.HK)$surging over 3%,$LI AUTO-W (02015.HK)$、$NIO-SW (09866.HK)$up nearly 2%.
In terms of news, this year's government work report proposed implementing trade-in programs for consumer goods, promoting the commercialization and large-scale application of artificial intelligence, and intensifying efforts to address "internecine" competition. Shanxi Securities noted that under the guidance of the "anti-internecine" policy, the auto industry is expected to accelerate towards high-quality development driven by technology and innovation by 2026, replacing previous price wars. Intelligence and lightweight design are likely to become the two major "growth drivers" in the automotive sector.
It is worth noting that on March 5,$BYD COMPANY (01211.HK)$XPeng Motors and BYD held the second-generation Blade Battery and Flash Charging Technology Launch Event. During the event, the companies unveiled a new generation of Blade Battery, which achieved upgrades in flash charging speed, energy density, safety, and lifespan, highlighting features such as '5 minutes to charge sufficiently, 9 minutes to full charge, and only 3 extra minutes at -30°C.' Shenwan Hongyuan noted that with XPeng and BYD's new technology releases, investment has entered a period of intensive event-driven catalysts. According to Everbright Securities, starting from March to April, multiple key new models from various automakers are set to be launched in quick succession; in the short term, focus will be on financial performance amid rising cost pressures.
Editor/Melody
