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港股异动 | 小鹏汽车-W(09868)跌超4%领跌汽车股 多家车企官宣降价 行业价格战重燃

Changes in Hong Kong stocks | Xiaopeng Motor-W (09868) fell by more than 4%, leading the decline in auto stocks, many car company officials announced price cuts, and the industry's price war reignited

Zhitong Finance ·  11/16/2023 11:16

Automobile stocks declined in early trading. As of press release, Xiaopeng Motor-W (09868) fell 3.98% to HK$65.1; Ideal Car-W (02015) fell 3.65% to HK$153.2; and Great Wall Motor (02333) fell 0.35% to HK$11.36.

The Zhitong Finance app learned that auto stocks declined in early trading. As of press release, Xiaopeng Motor-W (09868) fell 3.98% to HK$65.1; Ideal Car-W (02015) fell 3.65% to HK$153.2; and Great Wall Motor (02333) fell 0.35% to HK$11.36.

According to the news, with the departure of the “gold nine silver ten” traditional peak consumption season, the low sales season in November compounded the pressure on promotions at the end of the year, causing the price war in the automobile market to reignite. According to incomplete statistics, since entering November, many car companies in the market have already jumped into the price reduction ranks.

Lang Xuehong, Deputy Secretary General of the China Automobile Dealers Association, said, “Entering November, manufacturers and dealers will enter the full-year target sprint stage, and market demand will be better than October.” Furthermore, some industry insiders said that the time for car companies to achieve their annual sales targets is getting closer and closer, and in the future, concession policies may be introduced more frequently to stimulate demand, and perhaps even more vigorously. Furthermore, it believes that “price reduction and concessions” can indeed allow car companies to increase sales in a short period of time. “Another round of price war started by car companies may not be the end, but the starting point.”

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