Major players in China’s EV space continue innovation and development:
- Byd company limited (01211.hk), Announced A success unveiled a 5-minute superfast charging technology and its God-i-Adeas Edas Self-Driving System. The stocks are 56.41% year-on-year-year (YTD).
- NIO Inc. (09866.hk): Record monthly delivery reported in December, with 2024 delivery 39% year-on-year (YOY). The share price is 17.67% YTD.
- Xiaomi corp. (01810.hk), Allegedly extended The scale of its second electric vehicle production plant under construction in Beijing underlines strong demand. Xiaomi Corp has increased 68.7% YTD.
Other major players in China’s EV space are included Gely Automobile Holdings Limited (00175.HK)21.32% ytd, and Lee Auto Inc. (02015.hk)Which has increased by 15.7% ytd.
President Trump’s tariff policies come at a bad time for American car manufacturers dependent on Chinese market. American tariffs can drive nationalist consumer behavior, affecting the demand for American cars.
General Motors (GM), heavy dependent on demand from China, has dropped 6.53% ytd, while Tesla Inc. (TSLA) is below 41.6% YTD.
Demand for China’s AI development fuel for Hong Kong-list technical stocks
China’s Artificial Intelligence (AI) Pragati is also rebuilding the global technical scenario. On Wednesday, March 19, Tencent President Ma Huteng emphasized China’s AI progress, They said He:
“AI has significantly improved intelligence compared to previous years. After carefully considering, the tenscent has adopted Deepsek in both its cloud business and Yuanbao. AI applications have had a major development opportunity, many companies adopt AI as well as have great potential for growth of AI agents and related equipment.”
Investors are paying attention. Alibaba (0988) leads charge, increases 69.9% YTD, while Baidu (09888) and Tencent (00700) have increased by 17.05% and 29.62% respectively. In contrast, NVIDIA (NVDA) has fallen 12.49% ytd. Valuation has potentially operated investors in the Hong Kong market.
China’s mainland in Hong Kong markets
Optimism around China’s EV and AI regions has put the Hang Seng index into a driving seat. Stanberry Research Editor/Analyst Brian Tyncangko highlighted the demand of the growing mainland for Hong Kong-listed shares recently. They said,
“A record-breaking day for the mainland China today flows into Hong Kong’s shares through 3/10 (Monday) stocks. It is a major purchase that can include a very well-owned funds, insurers and retail investors. Do they know that something is going to happen soon?”
Market trends reflect this change. The Hang Seng index has stopped 21.76%YTD, performing better than CSI 300 (+1.56%) and Shanghai Composite Index (+1.96%).