Changes in Hong Kong stocks | Auto stocks are recovering collectively, and automobile exports have surpassed 1 million vehicles for two consecutive months, and the Chengdu Auto Show is about to open

The Zhitong Finance App learned that auto stocks are recovering collectively. As of press release, Ideal Automobile-W (02015) rose 6.47% to HK$51; Rantu Auto (07489) rose 6.08% to HK$2.965; NIO - SW (09866) rose 5.06% to HK$36.54; and Xiaopeng Automobile-W (09868) rose 5.01% to HK$48.24.

According to the news, the July automobile production and sales data disclosed by the China Association of Automobile Manufacturers shows that in July, exports of vehicles were 1.043 million units, up 0.6% month-on-month, with exports exceeding 1 million units for two consecutive months; in July, NEVs accounted for more than 60% of monthly new vehicle sales for the first time. In January-July, national automobile production and sales reached 17.567 million units and 17.60.2 million units respectively, further narrowing the year-on-year decline compared to the first half of the year.

Furthermore, the 29th Chengdu International Automobile Exhibition will be held at the Western China International Expo Center from August 21 to 30, 2026. Xiangcai Securities released a research report saying that as the first A-class auto show in the second half of the year, the Chengdu Auto Show will bring together independent brands, luxury brands, mainstream joint venture brands and new energy vehicle brands to show the latest progress in electrification, intelligence, and high-end China's automobile industry. The performance of this year's auto show will largely indicate the market trend in the second half of the year. With the support of new products and technology, we expect the domestic car market to usher in a new round of consumer boom in the second half of the year.