The Hong Kong Stock Connect Automobile ETF E Fund (159121) underlying index strengthened against the trend this week, and the high prosperity of China's independent automobile brand exports is expected to continue

This week, the Hang Seng Hong Kong Stock Connect Automobile Theme Index rose by 3.0%, while the China Securities Automobile Parts and Intelligent Electric Vehicle Index fell by 1.4% and 5.3%, respectively. CHERY AUTO exported 393,300 vehicles in the first quarter of 2026, a year-on-year increase of 53.9%; Geely Auto exported 81,600 vehicles in March, setting a new historical high. Chinese domestic brands are shifting from "product going abroad" to "brand going abroad," and against the backdrop of slowing electrification among European and American car manufacturers, they are expected to further capture global market share, with the profitability and valuation of complete vehicle and parts companies continuing to recover