Changes in Hong Kong stocks | The collective recovery of automobile stocks is expected to exceed 10 million, and overseas exports are expected to gradually contribute the main revenue and gross profit throughout the year

The Zhitong Finance App learned that auto stocks are recovering collectively. As of press release, Xiaomi Group-W (01810) rose 5.43% to HK$27.2; BYD shares (01211) rose 4.38% to HK$70.35; Ideal Automobile-W (02015) rose 4.29% to HK$45.24; and NIO SW (09866) rose 3.48% to HK$26.16.

According to the news, according to an analysis by the China Association of Automobile Manufacturers, automobile exports continued to grow rapidly in September. Passenger car and commercial vehicle exports both increased month-on-month, and NEV exports accounted for more than 50% for four consecutive months. From January to September, China exported 8.205 million vehicles, an increase of 65.8% over the previous year. Automobile exports are expected to exceed 10 million this year.

Societe Generale Securities pointed out that with the expansion of channels and product launches by car companies in overseas markets, the share of overseas revenue and gross profit of car companies continues to increase. For example, BYD accounted for more than half of overseas revenue in the first half of 2026, accounting for more than 60% of gross profit. In this context, the impact of domestic sales on the revenue and performance of car companies is gradually decreasing. Overseas markets are the main source of revenue and profit for car companies, and the share of revenue and gross profit is expected to increase further.