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BYD COMPANY, LEAPMOTOR, NIO, XPENG Leap 3-5%; DONGFENG GROUP Surges 15%, but LI AUTO Falls 3%
Hong Kong EV makers developed individually this morning. Blue chip BYD COMPANY (01211.HK) peaked at $218.6 this morning after it decreased and stabilized at the 100-day MA last Fri...
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BYD COMPANY, LEAPMOTOR, NIO, XPENG Leap 3-5%; DONGFENG GROUP Surges 15%, but LI AUTO Falls 3%
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Hong Kong EV makers developed individually this morning. Blue chip BYD COMPANY (01211.HK)  -0.200 (-0.078%)    Short selling $220.15M; Ratio 17.509%   peaked at $218.6 this morning after it decreased and stabilized at the 100-day MA last Friday (15th). The stock last printed at $216.6, up 3%, being the best performing blue chip for the time being. XPENG-W (09868.HK)  +1.750 (+3.915%)    Short selling $133.48M; Ratio 16.898%   and NIO-SW (09866.HK)  +1.850 (+5.263%)    Short selling $100.26M; Ratio 39.472%   each reversed their losses in 3 consecutive days, with their share prices re-crossing the 10-day MA, and advanced 5.3%/ 3.4% to last at $39.8/ $45.65. LEAPMOTOR (09863.HK)  +0.100 (+0.319%)    Short selling $15.22M; Ratio 10.560%   reversed its decline in 2 consecutive days, and picked up 3.6% to last at an immediate market high of $27.

On the contrary, blue chip LI AUTO-W (02015.HK)  +0.300 (+0.312%)    Short selling $300.29M; Ratio 27.615%   dropped for 3 consecutive days, and bottomed at $141.6. It last printed at $142.7, down 3.1%. WULING MOTORS (00305.HK)  0.000 (0.000%)   slid 1.2% to $0.415.

Related NewsCICC: GEELY AUTO (00175.HK) Exceeds Annual Sales Target; 2025 Sales Guidance Positive
However, it is reported that the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council is discussing the new assessment method for the three Chinese central auto enterprises, including DONGFENG GROUP (00489.HK)  -0.010 (-0.291%)    Short selling $11.55M; Ratio 3.922%   , with a number of new indicators, such as market share, profit structure, technological innovation and safe production, possibly to be included in the new assessment system. The policy is expected to be announced soon. ICEs increased broadly and outperformed this morning, especially DONGFENG GROUP rose for 3 consecutive days. This morning, the stock broke through 5 SMAs at one stroke, and peaked at $3.7. It last printed at $3.67, spiking 15.4%, with turnover of nearly $177 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-03 16:25.)

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