Hong Kong auto stocks surged on autonomous driving policies and China

This morning, the Hong Kong stock market's automotive sector collectively rose, with several popular stocks showing strong performance. As of the time of writing, XPeng Motors-W rose 4.58% to 52.5 HKD; NIO-SW increased by 4.45% to 37.55 HKD; Great Wall Motors went up 2.82% to 13.84 HKD; and Li Auto-W climbed 2.21% to 90.15 HKD.

Autonomous Driving Policy Brings Benefits
Sources reveal that the United States may accelerate the establishment of a federal legal framework for autonomous vehicles. The new regulatory framework is expected to become a priority for the Department of Transportation and may loosen current restrictions on autonomous vehicles. This policy change is anticipated to bring significant potential benefits to the intelligent connected vehicle industry. Meanwhile, China's Ministry of Transport and the National Development and Reform Commission jointly released the "Action Plan for Reducing Costs, Increasing Quality, and Improving Efficiency in Transportation and Logistics," clearly proposing to promote the development of intelligent connected vehicles, injecting confidence into the industry.

Progress in China-EU Electric Vehicle Negotiations
In addition, cooperation in the China-EU electric vehicle sector has achieved phased results. Technical teams from China and the EU conducted negotiations in early November in Beijing regarding the EU's anti-subsidy case against Chinese electric vehicles, reaching a technical consensus on the price commitment plan and agreement enforcement mechanisms. Both parties mentioned in a post-negotiation press release that "progress has been made," which is seen as an important signal of consensus on key issues between China and the EU.

With the gradual clarification of policy benefits and the positive impact of China-EU negotiation progress, market optimism towards the automotive industry has significantly increased. Policy support in the intelligent connected vehicle and new energy sectors, along with the deepening of international cooperation, may bring more development opportunities to related enterprises, while further boosting investment enthusiasm in the Hong Kong stock market's automotive sector.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.