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Hong Kong stocks of automobile companies are rising against the trend. Among them, Xpeng Motors led the way with a surge of over 8% at one point, Chery Motors rose more than 5% on the second day of its listing, Nio Motors rose nearly 3%, Leapmotor and Huachen China rose more than 2%, Beijing Motors, Ideal Motors, and GAC Group all rose more than 1.2%.
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