HK Stock Market Move | Car stocks performed well, with industry leader BYD Company Limited leading the way and leading the industry's expectation of recovery. Terminal demand is expected to accelerate repair.

The automobile sector led the gains, as of the submission, NIO-SW (09866) rose 16.68% to HK$44.5; GEELY AUTO (00175) rose 9.96% to HK$17.67; XPENG-W (09868) rose 6.78% to HK$77.2; BYD COMPANY (01211) rose 2.37% to HK$99.25. In terms of news, on March 5, BYD Company Limited officially released the second-generation Blade Battery and flash charging technology, setting a new global record for charging speed. Founder released a research report stating that BYD Company Limited is leading industry technological upgrades, and the combination of policy and new vehicle cycles is opening up sector recovery: in January and February, the auto market was impacted by policy continuity, with short-term demand under pressure. After the holiday, with the accelerated implementation of replacement subsidy policies in various regions, leader BYD Company Limited is expected to lead industry expectations of a rebound, and terminal demand is expected to accelerate recovery. Coupled with continued strong export performance, industry cycle fluctuations are tending to smooth out. Guolian Minsheng Securities released a research report stating that passenger car terminal demand was weak in January and February mainly due to: on the policy side, subsidies in some areas had not yet officially started; on the supply side, there were fewer new vehicle models being introduced by various manufacturers. Since February, both of these factors have improved. With the implementation of subsidies in many areas, car demand in March is expected to stabilize and rebound, suggesting to pay attention to opportunities on the left side of the bottom of passenger car demand.