HK Stock Market Move | Auto stocks across the board surged, with Great Wall Motor (02333) rising more than 10%. Institutions say that there is the possibility of significant month-on-month growth in production and sales in March.

Car stocks are all rallying, as of this writing, Great Wall Motor (02333) is up 10.17% at HK$15.16; NIO-SW (09866) is up 8.41% at HK$41.25; XPENG-W (09868) is up 5.28% at HK$102.6; LEAPMOTOR (09863) is up 3.4% at HK$48.7. In terms of news, in February 2025, the national retail sales of passenger cars reached 1.386 million units, a year-on-year increase of 26%. From January to February 2025, the cumulative year-on-year growth of retail sales of passenger cars was 1.2%. BOCOM INTL stated that the car market received a good start in February. After the Spring Festival holiday, various industries quickly returned to normal operation, with many car companies increasing promotional efforts and releasing new car models. The bank expects the Chinese passenger car market to continue to warm up, with passenger car production and sales in March expected to achieve a significant month-on-month growth rate. HAITONG INT'L previously pointed out that in February, the differentiation in sales of new energy vehicles intensified, officially starting the competition of smart driving technology. Looking at the sales data from February, the competition in the new year continued to heat up, and the performance of smart driving technology gradually became a watershed for the sales of major car companies. Currently, the equalization of smart driving technology, combined with price wars, is further intensifying the trend of differentiation in the car market. Leading companies in the industry are rapidly building moats through technological iteration, and the competition in smart driving technology is shifting from a simple comparison of configurations to a competition of user experience. It is expected that at the Shanghai Auto Show in April, more advanced smart driving functions will be introduced and implemented.