HK Stock Market Move | Automobile stocks lead the way, Eight departments issue a plan to stabilize the growth of the automobile industry, with the goal of achieving a total sales volume of 32.3 million vehicles for the whole year.

The stocks of car companies led the gains, as of the deadline, NIO-SW (09866) rose by 4.22% to HK$50.15; Guangzhou Automobile Group (02238) rose by 3.6% to HK$3.45; BYD COMPANY (01211) rose by 3.35% to HK$108; LEAPMOTOR (09863) rose by 2.87% to HK$62.7. On the news front, the Ministry of Industry and Information Technology and eight other departments recently issued the "Work Plan for Stabilizing the Growth of the Automobile Industry (2025-2026)". The plan sets out the main goals: By 2025, strive to achieve an annual sales volume of around 32.3 million vehicles, a year-on-year increase of approximately 3%, with new energy vehicle sales of around 15.5 million vehicles, a year-on-year increase of approximately 20%; maintain steady growth in automobile exports; and increase the value added of the automobile manufacturing industry by around 6% year-on-year. Cathay Haitong released a research report stating that the plan, building on the initiatives of the Ministry of Industry and Information Technology and the China Association of Automobile Manufacturers to "fight against internal consumption", and the joint issuance of the "Notice on Conducting Special Rectification Actions for Disorderly Practices in the Automobile Industry" by six departments, further clarifies the policy orientation for the automobile industry to optimize management policies, regulate market competition order, and create a healthy and orderly market environment. This will lay a more solid foundation for the high-quality development of the automobile industry in 2025-2026. The Chinese passenger car market performed steadily from January to August 2025, with sales reaching 18.354 million vehicles, a year-on-year increase of 14%. The bank predicts that the year-on-year growth rate of the Chinese passenger car market in 2026 is expected to reach 5%, maintaining a stable growth momentum in the face of a stock market background.