According to the Financial Association on March 18 (Editor: Feng Yi), today the Hong Kong stock market recovered and surged again, with auto stocks collectively rising significantly.

At the close, $NIO-SW (09866.HK)$ Affected by$Contemporary Amperex Technology (300750.SZ)$The Bullish effect of strategic cooperation drove a rise of nearly 9%,$LI AUTO-W (02015.HK)$Increased by over 6%,$BYD COMPANY (01211.HK)$Increased by more than 4%, setting a new historical high during the trading session.$LEAPMOTOR (09863.HK)$、$XPENG-W (09868.HK)$As other auto companies also rise.

In the short term, due to the technological innovation attributes still having high popularity in the market, the Electric Vehicles industry is gradually aligning with the main line of Technology, supported by innovative technologies like intelligent driving, ultra-fast charging, and AI large models.

而随着近期比亚迪、$NIO Inc (NIO.US)$等头部车企大打“技术牌”抢占竞争高地，也引发了市场越来越多的关注。

3月17日，比亚迪举办超级e平台技术发布会，并发布“兆瓦闪充”技术。比亚迪集团董事长王传福表示，这一技术最高峰值充电速度可实现1秒2公里，达到充电5分钟续航约超400公里的效果。也让“油电同速”这一概念成为新能源汽车板块的又一炒作热点。

实际上，自今年2月比亚迪在发布高阶智驾系统“天神之眼”，强势喊出“全民智驾”口号之后，港股其他上市车企也迅速跟进，新一轮的技术竞赛已然在业内拉开序幕。

3月12日，$XPeng (XPEV.US)$旗下中大型SUV——2025款小鹏G9正式上市，新车共推出3款配置，售价区间为0.2488-0.2788 million元。作为年代改款车型，其主要升级图灵AI智驾，全系标配高阶智驾。

He Xiaopeng, chairman of Xpeng Motors, then stated, "This year, Xpeng Motors' investment in computing power is several billion yuan. Xpeng is more willing to save costs to 'accelerate computing power' to meet users' 10-year vehicle usage cycle."

Recently,$Li Auto (LI.US)$Chairman Li Xiang also revealed at the performance communication meeting that two brand new pure electric SUVs will be released this year, and the company is developing the next-generation VLA intelligent driving model, which is planned to be released simultaneously with the i8.

This week at the$NVIDIA (NVDA.US)$ GTC 2025 conference, Jia Peng, head of autonomous driving technology development at Li Auto, also mentioned that Li Auto's next-generation autonomous driving architecture MindVLA is a large model for robots that successfully integrates spatial intelligence, language intelligence, and behavioral intelligence, turning the vehicle into an intelligent entity that can think.

After BYD released the "Megawatt Fast Charging" technology, NIO also announced a strategic cooperation with Contemporary Amperex Technology. According to NIO's official WeChat account, Contemporary Amperex Technology will support the development of NIO's battery swap network and is advancing a strategic investment of no more than 2.5 billion yuan in NIO Energy.

It is worth mentioning that since February, after BYD released its high-level smart driving, foreign investment positions have become its most steadfast bulls.

Market data shows that as of March 17, in nearly 20 trading days, the top five brokers with net purchases of BYD Listed in Hong Kong are all backed by foreign institutions.

Among them, HSBC, Citibank, Goldman Sachs, Standard Chartered Banks, and Morgan Stanley collectively net bought 0.114 billion shares; adding institutions like Société Générale brings the total close to 0.12 billion shares, far exceeding the net purchases of about 7.29 million shares from the same period of the Hong Kong Stock Connect.

In addition, from the sales perspective, as BYD's 'Technology Pool' continues to update, its impact on sales is very significant.

According to a report by Aijian Securities, from March 1 to 9, the retail sales of the passenger vehicle market reached 0.364 million units, a year-on-year increase of 14% and a month-on-month increase of 52%. Among them, from March 3 to March 9, BYD sold 0.0574 million units, continuing to lead among various electric vehicle manufacturers.$Tesla (TSLA.US)$During the same period, sales were 0.0138 million units for Xpeng Motors, 0.0085 million units for Li Auto, 0.0073 million units for Xiaomi Group, and 0.0059 million units for LEAPMOTOR.

On the other hand, due to the high overlap in technology and supply chain between the automotive industry and the booming robotics sector, this round of 'technological warfare' among automotive companies has more space for development.

In a recent report, Sinolink pointed out that after electrification, the ROBO+ track, represented by intelligent driving and humanoid robots, will reshape the entire Industry Chain of the Autos industry and become the strongest industry trend in the Sector.

Sinolink expects that by 2025, the penetration rate of advanced intelligent driving will enter explosive growth, with intelligent driving and robotaxis jointly driving rapid growth in high-computing power chips, Lidar, optical devices, and Sensor cleaning systems.

Overall, with the increasing penetration rate of Electric Vehicles, the New energy vehicle market is facing a differentiated pattern amidst intense product and price competition. The traditional single "price war" may struggle to ensure that products stand out, and technological competition represented by intelligence may also become a key factor accelerating industry reshuffling.

Editor/rice