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| HSCEI1 | 7,460.84 | -147.54 | 100.47B |
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2026-06-25 12:11:23 China’s auto exports were vibrant in 5M26, with NEVs, particularly PHEVs, serving as the core driver, underpinned by international oil prices and meager domestic demand, CMSI said in a research report. According to data from the China Passenger Car Association (CPCA), China’s total auto exports numbered 3.22 million units in 5M26, representing a YoY spike of 70.7%. Among them, NEV-PV exports accounted for 54% of total PV exports in May 2026, up from 36.6% at the beginning of last year, and have remained above 50% for three consecutive months recently. The broker noted that the pure export trade model for automobiles will face increasing trade protection risks. The EU recently plans to impose countervailing duties on China-made PHEVs, forcing automakers to localize production capacity to enhance risk resilience and upgrade their business models from pure trading to localized manufacturing. Under the overseas expansion theme, the broker recommended focusing on companies with strong global operational capabilities, such as GEELY AUTO (00175.HK), BYD COMPANY (01211.HK), XPENG-W (09868.HK) and CHERY AUTO (09973.HK). ~ AASTOCKS Financial News Website: www.aastocks.com | |