Hong Kong auto stocks rose in shock, NIO (09866.HK) rose more than 13.8%, Beijing Automobile (01958.HK), Brilliance China (01114.HK) rose more than 6.5%, GAC Group (02238.HK) rose nearly 6%.
On April 25th, GAC Group announced that Quarter 1 revenue in 2025 was 19.65 billion yuan, down 7.95% year-on-year; net loss was 732 million yuan, and net profit was 1.22 billion yuan in the same period last year.
GAC Group (02238.HK): Received a letter of resignation from Zeng Qinghong, the chairperson of the company. Since Mr. Zeng has reached retirement age, he applies to resign as the chairperson, director, chairperson and member of the strategy committee of the board of directors of the company. After resigning the above positions, Mr. Zeng will not serve in the group.
Most Hong Kong auto stocks strengthened, GAC Group (02238.HK) rose more than 20%, Beijing Automobile (01958.HK), Geely Automobile (00175.HK) rose more than 6%, XPeng Motors (09868.HK) rose more than 5%, BYD shares (01211.HK), NIO (09866.HK) rose more than 3%.
Hong Kong auto stocks convulsed, zero car (09863.HK) fell more than 5%, XPeng Motors (09868.HK) fell more than 4.5%, NIO (09866.HK) fell 3.7%, Li Auto (02015.HK), GAC Group (02238.HK) fell more than 3%.
Most Hong Kong auto stocks strengthened, XPeng Motors (09868.HK) rose more than 9%, Li Auto (02015.HK) rose more than 6%, 09863.HK, GAC Group (02238.HK), Geely Automobile (00175.HK) rose more than 3%, BYD shares (01211.HK), NIO (09866.HK) rose more than 2%.
At the beginning of the Hong Kong stock market, the automotive sector saw a rapid rise, with Xiaopeng Motors (09868. HK) rising more than 7%, NIO Motors (09866. HK) rising more than 5%, and Great Wall Motors (02333. HK), Lingpao Motors (09863. HK), and GAC Group (02238. HK) all rising more than 3%.