Hong Kong Stocks' Automobile Sector Surges, XPeng Leads the Charge with an Increase of Over 8%, First Quarter-Equipped Model to be Launched in Q4! Tesla-like NIO and Geely Rise Nearly 4% and 3% Respectively, Zero-run and BYD Rises Over 1%

　According to Glo Hong Kong on August 11th, the Hong Kong stocks' automobile sector is surging forward, led by XPeng with an increase of over 8%, NIO rising nearly 4%, Geely rising nearly 3%, Zero-run and BYD rising over 1%.

　The news follows a report by CPCA, which shows that from July 1st to 31st, China's passenger car market retail sales reached 183.4 million units, a year-on-year increase of 7%, down 12% compared to the previous month. Cumulative retail sales for this year have reached 1,273.6 million units, an increase of 10%. CPCA has slightly revised its annual industry forecast for 2025.

　In terms of individual stocks, XPeng's first quarter-equipped model X9 entered the new car catalog published by the Ministry of Industry and Information Technology on August 8th, indicating that the launch is getting closer. Subsequently, XPeng CEO He Xiaopeng posted on social media stating that the company's first "super electric vehicle" XPeng X9 will be officially launched in Q4. NIO's second model L90 under its LEOD brand was officially listed at the end of July. At the beginning of this month, NIO CEO Li Bin posted on Weibo saying that L90 had delivered three days after listing and had already entered the top 3 in terms of sales volume among large SUVs, with production and delivery speeds continuing to accelerate.