Changes in Hong Kong stocks | Automobile stocks continue to rebound recently, and the implementation of new regulations on cost estimation in the automobile industry will help rectify disorderly price competition

The Zhitong Finance App learned that auto stocks continued their recent rebound. As of press release, Xiaopeng Automobile-W (09868) rose 7.99% to HK$56.75; Rantu Auto (07489) rose 5.32% to HK$3.17; Zero Sports (09863) rose 4.55% to HK$37.7; and Ideal Automobile-W (02015) rose 4.04% to HK$50.75.

According to the news, on July 15, the China Automobile Association officially released the “China Automobile Industry Vehicle Cost Estimation Rules” group standard. This is the first set of unified cost estimation rules for the automotive sector in China. The group's standards put an end to the industry's long history of “different caliber and unfounded” cost accounting. It is not only a key step for the automobile industry to rectify disorderly price competition and promote high-quality development, but also an important achievement for the entire industry to forge consensus and jointly establish industry self-regulation rules.

CITIC Securities released a research report saying that in the first half of the year, the domestic passenger car market was under overall pressure due to falling purchase taxes, demand forecasting, and price waits. Looking ahead to the second half of the year and next, CITIC Securities believes that the main line of the industry will shift to export cashing and profit restoration, and leading car companies are expected to achieve quantitative growth through multiple power types, overseas factory construction, and foreign cooperation; although domestic competition is still fierce, the high-end main line is still worth paying attention to.