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Autos Hyped Up Collectively after NDRC Urges to Rectify 'Involution' Competition of 'New 3 Industries'
2025-12-29 10:03:26 Looking ahead to the 15th Five-Year Plan period, the key to the “New Three Industries” - new energy vehicles (NEVs), lithium batteries, and photovoltaics - lies in regulating order and pioneering innovation, as an article published by the National Development and Reform Commission (NDRC), titled “Vigorously Promoting the Optimization and Upgrading of Traditional Industries”, pointed out. These “New Three Industries” are advantageous industries cultivated by China under intense market competition, serving as new engines for the high-quality development of China's foreign trade and demonstrating China's strength in the global green industry transformation. However, they also face challenges such as disordered market competition and an unstable core advantage. During the 15th Five-Year Plan period, it is necessary to comprehensively address “involution” competition, maintain a level playing field, increase industry concentration, and build a globally leading technological hub. This includes regulating market competition order, thoroughly implementing the fair competition review system, reinforcing price monitoring and quality inspection, and preventing disorderly low-price competition, and so on. Spurred by the news, auto-related stocks collectively advanced this morning (29th). GEELY AUTO (00175.HK) opened 3.31% higher, and peaked at HK$17.9. It last printed at HK$17.69, up 4.55%. BYD COMPANY (01211.HK) opened 3.53% higher, and peaked at HK$98.5. It last stood at HK$98.4, up 5.13%. NIO, XPENG and LI AUTO were in a good shape. LI AUTO-W (02015.HK) opened 3.07% higher, and peaked at HK$67.75. It last quoted at HK$67.35, up 3.54%. NIO-SW (09866.HK) opened 3.75% higher, and peaked at HK$41.2. It last logged at HK$40.88, up 6.35%. XPENG-W (09868.HK) opened 5.12% higher, and peaked at HK$80.85. It last stood at HK$80.1, up 5.26%. GWMOTOR (02333.HK) swelled 4.5%, while GAC GROUP (02238.HK), CHERY AUTO (09973.HK), and SERES (09927.HK) each mounted approximately 3%. LEAPMOTOR (09863.HK) issued domestic shares to FAW Equity at a 10.7% premium, and its shares leaped 3.8% in early trading. XIAOMI-W (01810.HK) opened lower but then rebounded by 0.5%. ~ AAStocks Financial News Web Site: www.aastocks.com | |