Auto stocks have mostly risen. As of press release,$NIO-SW (09866.HK)$An increase of nearly 6%,$LI AUTO-W (02015.HK)$An increase of more than 5%,$BYD COMPANY (01211.HK)$An increase of more than 4%,$XPENG-W (09868.HK)$An increase of more than 2%.

According to the news, several NEV companies released sales data for May. Judging from the published data, most recorded both year-on-year and month-on-month growth. Ideal Auto delivered more than 35,000 units in May, an increase of 23.8% over the previous year; NIO Auto delivered a record high of 205,000 vehicles; and car companies such as Ji Krypton Auto and Xiaopeng Motor delivered more than 10,000 vehicles. Industry insiders pointed out that with the implementation of the national trade-in policy, the introduction of follow-up measures in various regions, and the phased cooling of the new product price war in the car market, the consumer enthusiasm of market watchers has been stimulated, and the market has entered a relatively good stage.

Minsheng Securities believes that the steady growth of the new energy market in May provided strong support for the May auto market. With the gradual introduction of new energy supply since May, consumer wait-and-see sentiment is expected to ease further. They are optimistic that the car market will pick up in June, and sales are expected to continue to rise. Debon Securities pointed out that a variety of high-quality new cars are gradually launched/delivered, electric intelligence is further accelerated, and superposition policies are beneficial to release demand, and industry sales are expected to maintain steady growth.

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