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Autos In Demand Broadly; BYD, NIO, GWM Rocket 7%-9%
Recommend 97 Positive 213 Negative 60 |
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HK-listed automakers rocketed over 3%-9% broadly today, after CAAM revealed that the auto exports of carmakers in China rose 39.4% YoY to 723,000 vehicles in 4M22, compounded with market aspiration for a fresh round of "Going Countryside" policy for automobile in short term by Beijing. GREATWALL MOTOR (02333.HK), marking the sharpest gains among automakers, shot up 9.3% to $12.5. XPENG-W (09868.HK), LI AUTO-W (02015.HK) and NIO-SW (09866.HK) rallied 5.5%-8.5% in pecking order. For blue-chip autos, BYD COMPANY (01211.HK) and GEELY AUTO (00175.HK) spiked 7% and 8.1% to $254.2 and $13.56. AAStocks Financial News |
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