Chinese Premier Li Qiang visited the Beijing International Automotive Exhibition yesterday (28th), emphasizing the need to vigorously develop intelligent internet-connected new energy vehicles (NEVs). Moreover, Tesla (TSLA.US) CEO Elon Musk made a surprise visit to China, and was reported to be seeking to launch full-self-driving-computer (FSD) software in Mainland China.
HK-listed automakers continued to have a good run. Three nascent NEV makers rallied about 5%. NIO-SW (09866.HK) +0.900 (+2.586%) Short selling $40.67M; Ratio 46.249% last posted at $36.55, up 5.03%. XPENG-W (09868.HK) +0.450 (+1.485%) Short selling $115.22M; Ratio 15.919% last traded at $31.85, up 5.12%, with turnover of $425 million. LI AUTO-W (02015.HK) +2.400 (+2.427%) Short selling $458.77M; Ratio 27.066% last stood at $103.4, up 4.55%, with turnover of $940 million.
EVERG VEHICLE (00708.HK) +0.026 (+11.982%) Short selling $53.28K; Ratio 0.729% , with larger share gains, last printed at $0.246, up 13.36%. LEAPMOTOR (09863.HK) +2.050 (+8.216%) Short selling $22.66M; Ratio 11.942% last recorded at $27.35, up 9.62%, with $144.6 million traded. XIAOMI-W (01810.HK) +0.060 (+0.346%) Short selling $480.82M; Ratio 15.607% last marked at $17.66, up 1.73%, with turnover of $1.686 billion.
For traditional car makers, BYD COMPANY (01211.HK) +3.600 (+1.692%) Short selling $675.06M; Ratio 28.587% last reported $218.4, up 2.63%, with turnover of $1.267 billion. GEELY AUTO (00175.HK) +0.160 (+1.704%) Short selling $94.05M; Ratio 15.812% last printed at $9.69, up 3.19%, on turnover of $369 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
