Zhitong App learned that automotive stocks continued to rise in early trading. As of the time of writing, LI AUTO (02015) rose 4.1% to HKD 121.9; GWMOTOR (02333) rose 2.81% to HKD 8.41; BYD COMPANY (01211) rose 2.57% to HKD 187.5; and Guangzhou Automobile Group (02238) rose 2.49% to HKD 3.29.
In terms of news, according to the China Association of Automobile Manufacturers, in January, automobile production and sales reached 2.41 million and 2.439 million units respectively, a MoM decrease of 21.7% and 22.7%, and a YoY increase of 51.2% and 47.9% respectively. Dongwu Securities pointed out that in January, the total delivery volume of new energy passenger vehicles from 16 key new energy vehicle companies reached 471,000 units, with a MoM growth of +106%/-30%. Due to the excessive production in December to meet the annual targets, the MoM decline of -30% in the industry in January is basically in line with expectations.
In addition, XPeng announced that its separate body flying car, &#34;Land Carrier,&#34; will be put into mass production and delivery in the fourth quarter of next year. Roland Berger Management Consulting predicts in a report that by 2050, there will be nearly 100,000 flying cars used as air taxis, airport shuttles, and intercity travel worldwide. Morgan Stanley also predicts that by 2050, the global market size of flying cars will reach USD 9 trillion, with China's potential market size reaching USD 2.1 trillion.

02015

Li Auto surged more than 4%, leading the automotive stocks, with both production and sales volume exceeding 2.4 million units in January.

Hong Kong Stock Market Update | LI AUTO Surges Over 4%, Leading the Auto Sector with Monthly Vehicle Sales Exceeding 2.4 Million Units