HK Stock Market Move | Auto stocks collectively rebound; full-year vehicle exports are expected to exceed 10 million; overseas markets are gradually contributing the main revenue and gross profit.

Auto stocks collectively rebounded. As of press time, XIAOMI-W (01810) rose 5.43% to HK$27.2; BYD COMPANY (01211) rose 4.38% to HK$70.35; LI AUTO-W (02015) rose 4.29% to HK$45.24; NIO-SW (09866) rose 3.48% to HK$26.16. On the news front, according to an analysis by the China Association of Automobile Manufacturers, in September, automobile exports continued to maintain high-speed growth, with both passenger vehicle and commercial vehicle exports increasing month-on-month and year-on-year, and the share of new energy vehicle exports exceeding 50% for four consecutive months. From January to September, China's automobile exports reached 8.205 million units, up 65.8% year-on-year, and full-year automobile exports are expected to exceed 10 million units. Industrial pointed out that with automakers' channel expansion and product launches in overseas markets, the share of overseas revenue and gross profit of automakers continues to rise. For example, BYD Company Limited's overseas revenue accounted for more than half and gross profit for more than 60% in the first half of 2026. Against this backdrop, the impact of domestic sales on automakers' revenue and performance is gradually diminishing, and overseas markets have become the main source of revenue and profit for automakers, with the revenue share and gross profit share expected to further increase.