Several Hong Kong-listed car companies have disclosed their third-quarter financial reports, and their performance will reveal optimistic market expectations for next year.

On the evening of November 17th, XPeng Motors, Lixiang Automotive, and Geely Automobile, three Hong Kong-listed car companies, released their third quarter reports. XPeng Motors significantly narrowed its losses, Lixiang Automotive continued to profit, and Geely Automobile saw a significant increase in profits. "Next year, the automotive industry will face a crucial stage of survival of the fittest. Without strong profitability, companies will find it very difficult to survive," said Gui Shengyue, CEO of Geely Automobile Holdings Limited at the performance meeting. Regarding the impact of the upcoming withdrawal of the tax incentives for new energy vehicles next year, all three car companies revealed optimistic signals that they can handle it calmly and expressed confidence in the market prospects. At the same time, all three car companies will accelerate their expansion into overseas markets.