Chery Automobile hits 2-month high on strong July vehicle sales, rivals mixed

Voyah Automotive Technology

03/08/2026 07:52

    ** Shares of China's Chery Automobile  9973.HK  climb 3.1%
to HK$27.5, their highest level since June 5
    ** Stock set for biggest one-day pct rise since July 29 in
second straight session of gains
    ** Chery says its July vehicle sales for five major models
up 24.1% y/y to 261,876 units
    ** Chery has agreed to invest $75 million in South Korean
automaker KG Mobility Corp  003620.KS  through convertible
bonds, KG Mobility said. If converted into shares, the bonds
would give Chery a stake of about 10% in the company
    ** Rivals mixed with BYD  1211.HK , Leapmotor  9863.HK ,
Voyah Automotive  7489.HK  up between 0.9% and 2.3%, while NIO
 9866.HK , Geely  0175.HK , Great Wall Motor  2333.HK  and Li
Auto  2015.HK  down between 1.5% and 2.8% 
    ** YTD, Chery stock down 11.7%, while benchmark Hang Seng
Index  .HSI  up 1.3%

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