Chinese EV stocks jump on surging exports, hopes of domestic demand recovery
Chinese electric vehicle (EV) stocks rallied against a falling broader market in Hong Kong on Monday, as strong export data and rising oil prices bolstered the appeal of battery-powered and hybrid cars while a coming wave of model launches sparked hopes of a domestic demand recovery. Nio surged 6.6 per cent to HK$52 as of the noon trading break, while BYD climbed 5.6 per cent to HK$111, the highest since October 2. Chery Automobile rose 1.3 per cent to HK$32.72, while Xpeng advanced 0.5 per cent...المصدر: South China Morning Post | Source: South China Morning Post
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This article was originally published by South China Morning Post. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
