The market was worried that the promotional activities may cause the price cut war of Chinese car makers, intensifying competition and affecting the profits of car companies.

Chinese major automakers generally weakened this morning (27th). After yesterday (26th)'s sharp fall of nearly 9%, BYD COMPANY (01211.HK)  -9.200 (-2.200%)    Short selling $290.18M; Ratio 13.084%   opened 1.7% lower this morning, and its losses widened in the morning session. It closed at $407.4 near noon, shrinking 4.2%, with a turnover of $4.014 billion.

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The rest of the major automakers generally softened. GAC GROUP (02238.HK)  0.000 (0.000%)    Short selling $5.12M; Ratio 32.147%   and GWMOTOR (02333.HK)  +0.260 (+2.185%)    Short selling $25.78M; Ratio 17.398%   shed 1.8-2%, while GEELY AUTO (00175.HK)  -0.260 (-1.440%)    Short selling $81.24M; Ratio 11.530%   , BRILLIANCE CHI (01114.HK)  +0.010 (+0.319%)    Short selling $8.13M; Ratio 20.363%   and DONGFENG GROUP (00489.HK)  +0.120 (+2.920%)    Short selling $23.07M; Ratio 23.439%   faded 2.8-3.2%.

New forces of the auto industry were weak, with XPENG-W (09868.HK)  -0.600 (-0.794%)    Short selling $95.06M; Ratio 21.549%   , LI AUTO-W (02015.HK)  -2.100 (-1.880%)    Short selling $189.90M; Ratio 23.915%   and NIO-SW (09866.HK)  -0.400 (-1.401%)    Short selling $19.54M; Ratio 36.625%   losing 1.9-3.8%. LEAPMOTOR (09863.HK)  -0.050 (-0.088%)    Short selling $36.23M; Ratio 9.998%   continued to sag 2.6%, while XIAOMI-W (01810.HK)  +0.700 (+1.358%)    Short selling $1.07B; Ratio 16.151%   also dropped 1.1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-28 12:25.)