HK Stock Market Move | Car stocks generally rise. Geely Auto (00175) rose nearly 5%, while NIO-SW (09866) rose over 3%.

The early trading session saw a general rise in automobile stocks. As of the time of writing, GEELY AUTO (00175) rose by 4.81% to HK$19.19; NIO-SW (09866) rose by 3.18% to HK$48.68; LI AUTO-W (02015) rose by 3.04% to HK$95; XPENG-W (09868) rose by 2.27% to HK$81.1; LEAPMOTOR (09863) rose by 1.79% to HK$65.4. In terms of news, the latest data from the China Passenger Car Association shows that in August 2025, the national passenger car retail market reached 1.995 million vehicles, a year-on-year increase of 4.6% and a month-on-month increase of 8.2%. Since the beginning of this year, a total of 14.741 million vehicles have been sold, an increase of 9.5% compared to the same period last year. In terms of new energy, the retail market for new energy passenger cars in August was 1.101 million vehicles, a year-on-year increase of 7.5% and a month-on-month increase of 11.6%. From January to August, a total of 7.556 million new energy vehicles have been sold, a year-on-year increase of 25.8%. Founder pointed out that with the arrival of the traditional peak sales season, coupled with the launch of new models such as Shangjie H5, Xiangjie S9T, and the next-generation ES8 from Nio, terminal demand is expected to continue to rise. Currently, the dynamic price-earnings ratio of the automotive sector is below the 40th percentile in the past five years, with sufficient room for valuation repair, and is expected to expand synchronously with sales growth. It is recommended to focus on leading car companies with strong new product cycles and increasing market share, seizing the window of opportunity as industry sentiment rises. In addition, at 03:48 on September 9th, the fifth orbital plane of the Geely Constellation was successfully launched in the sea near Rizhao, Shandong, using 11 satellites in one rocket. 11 satellites entered the scheduled orbit smoothly, with normal status, and the launch mission was a complete success. This is the second successful launch of the Geely Constellation satellites entering orbit within a month, following the launch of the fourth orbital satellite on August 9th. Worth mentioning is that among the satellites in the fifth orbit of the Geely Constellation, there is a "Lynk 900" satellite, marking Lynk's new progress in the layout of the "integrated large travel ecosystem between heaven and earth". In the evening of September 8th, Lynk's brand first mid-to-large plug-in hybrid sedan - Lynk 10 EM-P was officially launched.