BYD HK SDR 10to1's stock price soared 5.33% during intraday trading on Monday, significantly outperforming the broader market.

The surge comes as industry data revealed robust growth in China's vehicle exports, particularly for new energy vehicles. China's first-quarter vehicle exports reached 2.226 million units, a 56.7% year-on-year increase, with new energy vehicle exports surging 120% to 954,000 units.

Analysts noted that persistently high and volatile international crude oil prices have significantly enhanced the lifecycle cost advantage of new energy vehicles in overseas markets, highlighting the global competitiveness of Chinese products. Leading automakers like BYD COMPANY reported export growth exceeding 50% in the first quarter, contributing to the positive investor sentiment.