HK Stock Market Move | New energy vehicle stocks rise against the market trend, rising oil prices benefiting Shanxi Guoxin Energy Corporation. Chinese car companies top the global sales list.

The majority of new energy vehicle stocks rose against the market. As of the time of writing, GEELY AUTO (00175) rose by 5.02% to HK$20.5, LEAPMOTOR (09863) rose by 4.15% to HK$45.66, BYD COMPANY (01211) rose by 3.56% to HK$107.5, and CHERY AUTO (09973) rose by 3.04% to HK$28.48. On the news front, recent international tensions have led to a continuous increase in international oil prices. According to the terminal research results of the China Passenger Car Association, the rise in oil prices has pushed up the cost of vehicle use, causing consumers of fuel cars to adopt a wait-and-see attitude. Institutions believe that the expected acceleration of new energy vehicle orders and sales will rebound. Additionally, it has been reported that by 2025, the global sales volume of Chinese automakers will reach about 27 million vehicles, surpassing Japanese automakers for the first time in 25 years. Among them, BYD Company Limited and Geely's sales have already surpassed Nissan and Honda, with Nissan falling out of the top ten for the first time in over 20 years. Sinolink pointed out that overseas, according to Marklines, the penetration rates of new energy vehicles in Western Europe/Southeast Asia/Latin America/Oceania in 2025 are 29%/12%/9%/10%, indicating significant room for improvement. The increase in oil prices will lead to higher costs for fuel vehicle usage, potentially driving faster penetration of new energy vehicles in overseas markets, benefiting Shanxi Guoxin Energy Corporation's exports. According to feedback from dealers in the Philippines, Thailand, New Zealand, and other countries, there has been a significant increase in orders for new energy vehicles recently.