NIO leads rise in HK-listed EV makers after strong China car sales data

Wuling Motors Holdings

11/10/2023 07:46

** Shares of NIO  9866.HK  rise 7.4% to HK$70.10, and lead
rise in Hong Kong-listed Chinese electric vehicle (EV) makers
    ** Stock is the third-biggest pct gainer in Hang Seng Tech
Index  .HSTECH , which is up 2%
    ** Car sales in China increased 4.7% YoY in September,
official data showed, while exports grew 50% YoY
    ** New energy vehicle (NEV) sales were up 22.1% YoY
    ** BYD  1211.HK  sold a record 287,454 NEVs in September,
and startup Li Auto  2015.HK  also set a new monthly record with
36,060 vehicles delivered
    ** Shares of Geely  0175.HK , Wuling Motors  0305.HK , BYD,
Xpeng  9868.HK , and Li Auto rise between 1.2% and 3.5%
    ** China's blue-chip CSI 300 Index  .CSI300  climbs 0.1%
while and the Shanghai Composite Index  .SSEC  slips 0.1%
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 1.7%
and Hang Seng Index  .HSI  adds 1.5%

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