HK Stock Market Move | Car stocks collectively rise LEAPMOTOR (09863) continues to rise by nearly 5% in September, domestic production and sales of new energy vehicles hit a record high.

Car stocks collectively rose. As of the time of writing, LEAPMOTOR (09863) rose 4.73% to HK$61.95; XPENG-W (09868) rose 4.12% to HK$84.7; GEELY AUTO (00175) rose 3.96% to HK$19.94; NIO-SW (09866) rose 3.64% to HK$54.1; LI AUTO-W (02015) rose 1.79% to HK$87.95. On the news front, according to the China Association of Automobile Manufacturers, in September, the production and sales of new energy vehicles reached a record high, with the domestic sales of new energy vehicles significantly increasing compared to the same period. In September 2025, the production and sales of new energy vehicles reached 1.617 million and 1.604 million respectively, with year-on-year increases of 23.7% and 24.6%. Sealand pointed out that the performance of passenger car sales exceeded expectations under the 2024 policies to replace old cars with new ones, and the policy will continue in 2025, providing support for upward trends in car consumption. Zhong Yin International believes that with the arrival of the peak sales season, domestic sales of new energy vehicles are expected to maintain high growth in 2025.