HK Movers｜EV Stocks Rise. XPENG-W up Nearly 8%; BYD COMPANY, GEELY AUTO up Nearly 5%; NIO-SW, LI AUTO-W up Arpund 3%

Market Focus13:28

On July 16, NIO-SW rose 3.7%, trading at HK$41/share, with turnover of HK$55.43 million. The stock gained alongside a broad rally in the automobile sector.

Within the Automobile Manufacturers sector, the overall sector showed broad strength. Among individual stocks, XPENG-W up 7.71%, BYD COMPANY up 4.77%, GEELY AUTO up 4.46%, LI AUTO-W up 3.63%, CHERY AUTO up 2.87%.

On the news front, NIO recently became a strategic investor in CXMT (Changxin Technology), committing RMB 158 million with an 18-month lock-up period. The two parties will collaborate on automotive-grade LPDDR4X and LPDDR5X products to build a stable supply relationship. NIO Chairman Li Bin stated the partnership strengthens NIO's supply chain stability. Additionally, Goldman Sachs upgraded NIO to Buy from Neutral on July 14, raising its price target to $7 from $6.60, citing strong earnings potential from premium brand positioning and new model momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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