Automotive stocks led the gains. As of press time, Nio-SW (09866) surged 16.68% to HKD 44.5; Geely Auto (00175) rose 9.96% to HKD 17.67; XPeng Motors-W (09868) climbed 6.78% to HKD 77.2; BYD (01211) increased 2.37% to HKD 99.25.
According to Zhitong Finance APP, automobile stocks led the gains. As of press time, Nio-SW (09866) surged 16.68% to HKD 44.5; Geely Auto (00175) rose 9.96% to HKD 17.67; XPeng Motors-W (09868) climbed 6.78% to HKD 77.2; BYD (01211) increased 2.37% to HKD 99.25.
On the news front, on March 5, BYD officially launched its second-generation Blade Battery and Flash Charging technology, setting a new global record for mass-production charging speed. Founder Securities released a research report stating that BYD is leading the industry's technological upgrade, with policy support and new vehicle cycles driving sector recovery. The auto market faced short-term demand pressures in January and February due to the transition rhythm of policies. However, after the Lunar New Year, as regional replacement subsidy policies were expedited, BYD took the lead in boosting industry expectations, and terminal demand is expected to recover rapidly. Coupled with continued strong export performance, industry cyclicality has become more stable.
Guolian Minsheng Securities issued a research report stating that passenger vehicle terminal demand was weak in January and February primarily due to: on the policy side, certain regional subsidy programs had not yet been formally implemented; on the supply side, there were fewer newly launched models from manufacturers. Since February, both factors have improved. It is projected that as regional subsidies are rolled out across multiple areas, auto demand may stabilize and rebound in March. Investors are advised to monitor the left-side opportunity at the bottom of passenger vehicle demand.
