BUZZ-Xpeng leads rise in HK-listed EV makers on strong China auto sales, exports

Reuters04-10

** Xpeng led rise in Hong Kong-listed electric vehicle $(EV)$ makers, surging 7.7% to HK$32.15, on course for the biggest one-day pct gain since March 1

** Stock hit the highest since March 28; biggest pct gainer in Hang Seng China Enterprises Index and Hang Seng Tech Index

** Sales of electric passenger vehicles in China rose 10.5% in March from the same month a year earlier, industry data showed on Tuesday, as automakers led by popular BYD deepened discounts and offered financing tools to boost sales

** China's overall car exports jumped 39% to a record monthly high of 406,000 units in March, quickening from February's 18% rise

** China's EV export boom also fuels surge in demand for new car-carrying ships, putting China on course to amass the world's fourth-largest fleet by 2028

** Hong Kong stock of BYD Co , Yadea , Geely Auto , Li Auto , Leapmotor and

NIO rise between 2.3% and 6.4%

** Hang Seng Automobile Index jumps 3.3%, Hang Seng Tech Index surges 2.9%, Hang Seng China Enterprises Index rises 2.4%, and Hang Seng Index adds 2.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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