---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281630056.md"
description: "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"
datetime: "2026-04-03T10:48:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281630056.md)
  - [en](https://longbridge.com/en/news/281630056.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281630056.md)
---

# 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%, the CSI Automobile Parts Theme Index fell by 1.4%, and the CSI Intelligent Electric Vehicle Index decreased by 5.3%.

In terms of news, CHERY AUTO exported 393,300 vehicles in the first quarter of 2026, a year-on-year increase of 53.9%. During the same period, Geely Auto's exports in March reached 81,600 vehicles, setting a new monthly export record. The overseas layout of domestic brands in China is shifting from "product going abroad" to "brand going abroad," and the high prosperity of exports is expected to continue. During the window period when the electrification pace of European and American car companies is slowing down, Chinese car companies, leveraging their complete supply chain and cost advantages, are expected to further capture global market share, and the logic of dual recovery in profitability and valuation for both complete vehicles and parts enterprises will continue to be realized.

Daily Economic News

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