--- title: "Understanding the Market | Automotive Stocks Decline Collectively, XPeng-W Drops Over 4%, Auto Manufacturers' February Sales Overall \"Cool Down\"" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277386793.md" description: "Automobile stocks collectively declined. As of the time of publication, XPeng-W fell 3.88% to HKD 65.7; Great Wall Motor dropped 2.1% to HKD 12.59; Li Auto-W decreased 0.87% to HKD 68.15. In terms of news, on March 1st, several new energy vehicle companies successively released their February sales performance. Nio delivered 20,797 new cars in February, a year-on-year increase of 57.6%, becoming the only company among \"Wei Xiaoli\" to achieve significant year-on-year growth; XPeng delivered 15,256 new cars in February, a year-on-year decrease of 49.9%, and a month-on-month decline of 23.8%; Li Auto delivered 26,421 new cars in February, with a slight month-on-month drop of 4.51% and a year-on-year growth rate of only 0.6%. Huachuang Securities believes that there are three core factors affecting automobile retail from January to February: 1) Consumers who deferred purchases from last year are waiting for price adjustments, 2) The anticipation brought by new car launches in March, 3) The rhythm of the subsidy program opening. The firm expects that in March, with the reduction of existing consumers, the launch of new cars, and the opening of subsidy channels, the situation will gradually improve" datetime: "2026-03-02T01:38:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277386793.md) - [en](https://longbridge.com/en/news/277386793.md) - [zh-HK](https://longbridge.com/zh-HK/news/277386793.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277386793.md) | [English](https://longbridge.com/en/news/277386793.md) # Understanding the Market | Automotive Stocks Decline Collectively, XPeng-W Drops Over 4%, Auto Manufacturers' February Sales Overall "Cool Down" According to Zhitong Finance APP, automotive stocks collectively declined. As of the time of publication, XPeng-W (09868) fell by 3.88%, trading at HKD 65.7; Great Wall Motor (02333) dropped by 2.1%, trading at HKD 12.59; Li Auto-W (02015) decreased by 0.87%, trading at HKD 68.15. In terms of news, on March 1st, several new energy vehicle companies released their sales figures for February. Nio delivered 20,797 new vehicles in February, a year-on-year increase of 57.6%, making it the only company among "Wei Xiaoli" to achieve significant year-on-year growth; XPeng delivered 15,256 new vehicles in February, a year-on-year decrease of 49.9%, and a month-on-month decline of 23.8%; Li Auto delivered 26,421 new vehicles in February, with a slight month-on-month drop of 4.51% and a year-on-year increase of only 0.6%. Huachuang Securities believes that there are three core factors affecting automotive retail in January and February: 1) Consumers who deferred purchases from last year are waiting for price adjustments, 2) The anticipation surrounding new vehicle launches in March, 3) The timing of the subsidy program's initiation. The firm expects that in March, with the reduction of existing consumers, the launch of new vehicles, and the opening of the subsidy channel, the situation will gradually improve ### 相關股票 - [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/zh-HK/quote/515030.CN.md) - [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/zh-HK/quote/159323.CN.md) - [Guotai CSI 800 Automobile and Parts ETF (516110.CN)](https://longbridge.com/zh-HK/quote/516110.CN.md) - [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md) - [XPENG-W (09868.HK)](https://longbridge.com/zh-HK/quote/09868.HK.md) - [Great Wall Motor (601633.CN)](https://longbridge.com/zh-HK/quote/601633.CN.md) - [First Trust S-Network Future Vehicles & Tech ETF (CARZ.US)](https://longbridge.com/zh-HK/quote/CARZ.US.md) - [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/zh-HK/quote/516380.CN.md) - [Global X Autonomous & Electric V (DRIV.US)](https://longbridge.com/zh-HK/quote/DRIV.US.md) - [LI AUTO-W (02015.HK)](https://longbridge.com/zh-HK/quote/02015.HK.md) - [NIO-SW (09866.HK)](https://longbridge.com/zh-HK/quote/09866.HK.md) - [GWMOTOR (02333.HK)](https://longbridge.com/zh-HK/quote/02333.HK.md) ## 相關資訊與研究 - [XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results | XPEV Stock News](https://longbridge.com/zh-HK/news/279913437.md) - [Xpeng sets up robotaxi unit to accelerate commercial rollout](https://longbridge.com/zh-HK/news/280114020.md) - [Xpeng to enter Mexico on Mar 25 with G6 and G9 launch](https://longbridge.com/zh-HK/news/280025128.md) - [Li Auto rolls off 80,000th i6 SUV as deliveries accelerate](https://longbridge.com/zh-HK/news/279924886.md) - [XPeng sets up Robotaxi unit, eyes pilot operations in second half of this year](https://longbridge.com/zh-HK/news/280240732.md)