Market Insight | CNI NEW ENERGY VEHICLES Stocks Soar, June CNI NEW ENERGY VEHICLES Companies' Sales Performance Exceeds Expectations, Tesla Surges 10% Overnight

CNI NEW ENERGY VEHICLES stocks rose across the board in the morning session. As of the time of publication, Beijing Automotive rose by 6.4% to HKD 2.16; Li Auto-W rose by 3.93% to HKD 76.7; Huachen China rose by 3.67% to HKD 4.24; Nio-SW rose by 3.06% to HKD 35.35. On the news front, the overall delivery volume of 15 new energy vehicle startups increased by 8% month-on-month. The total delivery volume of 15 key new energy passenger vehicle companies reached 676,800 units, a year-on-year increase of 49% and a month-on-month increase of 8%. Nio, Leapmotor, ZEEKR, Aito, and BYD all achieved record monthly deliveries, outperforming expectations. Li Auto and Aito saw the largest month-on-month delivery growth, while Leapmotor's deliveries exceeded 20,000 for the first time, performing better than expected. In addition, Tesla surged over 10% overnight. Tesla delivered 443,956 vehicles in the second quarter, exceeding Wall Street's previous expectation of 439,000 vehicles, maintaining its position as the global leader in electric vehicle sales. Minsheng Securities pointed out that the automotive intelligence inflection point has arrived, incubating opportunities for autonomous technology output. Automotive intelligence capabilities will become an important factor in automotive competition