HK Stock Market Move | Automobile stocks collectively rise, and the trend of intelligent driving equalization is expected to become the general direction. It is expected that automobile sales in February will stabilize and rebound.

Car stocks collectively rose, as of the time of writing, GEELY AUTO (00175) rose by 9.02% to 17.88 Hong Kong dollars; LI AUTO-W (02015) rose by 8.13% to 103.7 Hong Kong dollars; BYD COMPANY (01211) rose by 4.69% to 330.6 Hong Kong dollars; Great Wall Motor (02333) rose by 4.21% to 12.88 Hong Kong dollars. On the news front, BYD Company Limited will hold an intelligentization strategy launch conference at its Shenzhen headquarters at 19:30 on February 10. BYD Company Limited proposed that through the "Eye of God" system of BYD Company Limited, everyone can enjoy advanced intelligent driving. Orient indicated that it is expected that from 2025 onwards, the equalization and upgrading of intelligent driving functions will become a general trend, the penetration rate of advanced intelligent driving is expected to continue to increase, and the penetration rate of intelligent driving-related hardware such as sensors and domain controllers in the industry chain will also increase accordingly, benefiting companies in the intelligent driving industry chain related to vehicles and components. In addition, major car companies have successively released their sales data for January 2025. Influenced by factors such as the Spring Festival holiday and the rush for sales at the end of 2024, the domestic automobile market has shown a clear differentiation trend. The China Passenger Car Association predicts that the total retail market size of narrow passenger cars in January may be around 1.75 million vehicles, with retail sales of new energy vehicles expected to reach 720,000 vehicles, with a penetration rate of approximately 41.10%. After the end of the Spring Festival holiday, car sales in February are expected to stabilize and rebound.