Changes in Hong Kong stocks | Auto stocks generally weakened, sales differentiation among car companies intensified in July, and technology is still the key to competition in the car market

The Zhitong Finance App learned that auto stocks were generally weak. As of press release, Xiaopeng Group-W (09868) fell 4.28% to HK$46.94; Ideal Automobile-W (02015) fell 3.88% to HK$49.84; BAIC Motor (01958) fell 2.87% to HK$0.845; Great Wall Motor (02333) fell 2.23% to HK$8.76.

According to the news, new car builders have recently handed over their July report cards one after another, and the trend of differentiation has further intensified. Specifically, the sales volume of Zero Sports cars broke 100,000 units in a single month, pushing the leading benchmark to a new level. Xiaopeng Group delivered 38027 vehicles in July, up 4% year on year, down 5.23% month on month; Ideal Auto delivered 30,468 vehicles in July, down about 0.86% year on year, down 1.38% month on month.

Guoyuan Securities believes that as subsidies decline and internal revenue recedes, the automobile industry is focusing on market share, profits, and technological progress. The domestic demand market is just as important as the external demand market. It is recommended to focus on the long-term improvement of companies with strong product strength and the enabling effect of technology on automobiles through downward market pressure in the first half of the year.