HK Stock Market Move | Car stocks show strong performance, NIO-SW (09866) rose more than 13% and XPENG-W (09868) rose more than 9%.

The stock performance of automotive companies is strong. As of the time of this article, NIO-SW (09866) rose by 13.67% to 39.5 Hong Kong dollars; XPENG-W (09868) rose by 9.24% to 89.25 Hong Kong dollars; LI AUTO-W (02015) rose by 6.45% to 137 Hong Kong dollars; GEELY AUTO (00175) rose by 6.15% to 19 Hong Kong dollars; Great Wall Motor (02333) rose by 4.85% to 13.4 Hong Kong dollars. On the news front, Morgan Stanley released a new research report stating that they are very optimistic about the cooperation between China and the United States in the field of electric vehicles. The institution stated that the automotive industry relationship between the two countries may have passed its lowest point, and despite ongoing national competition, they expect Washington and Beijing to continue exploring cooperation in the field of electric vehicle technology. Previously, Shenwan Hongyuan Securities pointed out that in January 2025, Shanxi Guoxin Energy Corporation's car sales were 944,000 vehicles, a year-on-year increase of 29.4%, with a penetration rate of 38.9%. With major manufacturers accelerating their transition to new energy, the firm maintains an optimistic outlook on the development of the new energy vehicle market in 2025.