Car stocks rally: Ideal car stocks surge over 6%, BYD stocks jump nearly 5%

Hong Kong-listed automobile stocks collectively rose, with Ideal Automobile rising by over 6%, BYD's shares rising by nearly 5%, Great Wall Motors and NIO rising by over 3%, XPeng Motors and Lixiang Motors rising by over 2%, Geely Automobile, Guangzhou Automobile Group, and Beijing Automobile following suit. In terms of news, individual stocks in the industry have continued to announce their performance. Ideal Automobile's second quarter revenue was 30.2 billion yuan, an increase of 16.7% from the previous quarter, with an operating profit of 827 million yuan, a year-on-year increase of 76.7%, a significant increase of 204.4% from the previous quarter. Lixiang Motors achieved a revenue of 14.23 billion yuan in Q2, with a gross profit margin of 13.6%, a net profit of 160 million yuan attributable to its parent company, achieving profits in a single quarter, and exceeding expectations. XPeng Motors achieved a net profit of -66.05 million USD in the second fiscal quarter of 2025, a year-on-year increase of 62.68%. In addition, BYD is expected to announce its second quarter report on August 30, with an estimated net profit of 10.5-12.914 billion yuan in Q2, a year-on-year increase of 15.9-42.5%. Some analysts believe that in terms of design, technology, and experience, Chinese brand cars already have the strength to compete with global traditional giants on an equal footing, especially in the fields of electrification and intelligence. In addition to traditional markets such as Southeast Asia, the Middle East, and Russia, Chinese car companies are actively entering developed markets such as Europe and the Australia-New Zealand region, and are also expanding into Mexico as a foothold for entering the North American market, continuously improving their brand image.