BYD falls on new guidelines for automakers' overseas operations, rivals dip

Chery Automobile

02/09/2026 04:54

** Hong Kong shares of Chinese automaker BYD 1211.HK fall 4.6% to HK$84.2, their lowest since July 14
** Fourth biggest pct decliner in benchmark Hang Seng Index .HSI, which is down 1.1%
** Shenzhen-listed stock 002594.SZ slips 2.4% to 86.6 yuan, lowest point since July 14
** Chinese regulators on Tuesday issued new guidelines for automakers' overseas operations, calling on companies to comply with laws governing outbound investment and overseas business activities, while strengthening anti-monopoly, anti-corruption and social responsibility compliance
** The guidelines follow a rapid global expansion by Chinese automakers, led by BYD, as intensifying competition at home pushes manufacturers to seek growth abroad
** BYD on Tuesday reported rising global sales for the fourth straight month, as robust exports continued to cushion the impact of sluggish domestic demand, with August total vehicle sales up 17.8% y/y while overseas were shipments up 134.5%
** Rivals dip ,with Hong Kong shares of Li Auto 2015.HK, NIO 9866.HK, Xpeng 9868.HK, Great Wall Motor 2333.HK, Geely 0175.HK, Chery 9973.HK down between 2.5% and 5.2% 
** YTD, BYD Hong Kong stock down 11.2%, Shenzhen shares down 11.3%, Hang Seng TECH Index .HSTECH down 18.7%




 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))