Market Chatter: Chinese EV Makers Look to Hong Kong as International Launchpad

MT Newswires Live12-03 14:47

China and the country's electric vehicle makers are eyeing Hong Kong as a testing ground for its globalization efforts amid difficulties with the US and the European Union, the South China Morning Post reported.

Hong Kong's role as a global financial hub is an advantage for the industry, acting as a "two-way gateway for Chinese electric car makers to launch overseas and bring in new technologies, according to the Nov. 28 report, citing the China Association of Automobile Manufacturers.

XPeng (HKG:9868) is among those using Hong Kong as its international launchpad. It opened its flagship store in the city in July and offered right-hand drive units in November, the report said.

Geely's (HKG:0175) Zeekr brand launched the 009 six-seater pure electric vehicle in July, the report said.

BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), and NIO (HKG:9866, SGX:NIO) are also among China's top electric vehicle makers, the filing said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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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