HK Stock Movers | Auto Stocks Rally Against Trend, Geely Automobile Surges 5.6% to Lead Again, Continues to Refresh Stage Highs

NightAirdropper · 2026-03-24T01:22:45+00:00

Hong Kong-listed automotive stocks rose against the broader market trend, with Geely Auto leading gains and reaching historic highs. Rising oil prices are driving renewed demand for new energy vehicles. Automakers have announced impressive performance, with both Geely and Chery achieving strong growth, while BYD's results are also highly anticipated.

NightAirdropper

2026-03-24 01:22:45

Abstract generation in progress

Hong Kong stocks’ auto shares are rising against the trend, with Geely Auto up 5.6% to lead again, hitting a new high for the current phase. Leap Motor is up 3.3%, Chery Automobile up 2.5%, and BYD and XPeng Motors each up about 2%.

According to recent news, international oil prices have been rising steadily due to global geopolitical tensions. According to the China Passenger Car Association’s terminal survey, rising fuel prices are increasing vehicle operating costs and causing consumers to hold back on purchasing fuel-powered cars. Analysts believe this could accelerate the recovery of new energy vehicle orders and sales.

Recently, automakers have announced their earnings. On March 18, Geely Auto reported full-year results showing revenue of 345.2 billion yuan, up 25% year-on-year, reaching a record high; net profit attributable to the parent was 14.41 billion yuan, up 36% year-on-year, with profit growth outpacing revenue growth, achieving high-quality growth. Chery Automobile released its first annual report after going public on March 18, with 2025 revenue surpassing 300 billion yuan for the first time, and net profit increasing over 36% year-on-year. Overseas business and new energy segments have become the core growth engines. Additionally, BYD is expected to announce its 2026 results by March 28.

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