Shares of most new energy vehicle manufacturers advanced against the broader market trend. At the time of writing, GEELY AUTO (00175) rose 5.02% to HK$20.5; LEAPMOTOR (09863) increased 4.15% to HK$45.66; BYD COMPANY (01211) climbed 3.56% to HK$107.5; and CHERY AUTO (09973) gained 3.04% to HK$28.48. The positive movement is attributed to recent sustained increases in international oil prices, influenced by global geopolitical developments. According to terminal research from the Passenger Car Association, rising oil prices are elevating vehicle operating costs, which is intensifying consumer hesitation towards purchasing fuel-powered cars. Analysts believe this trend is expected to accelerate the recovery of orders and sales for new energy vehicles.

Separately, reports indicate that in 2025, Chinese automakers achieved global sales of approximately 27 million units, surpassing Japanese manufacturers to rank first worldwide for the first time in 25 years. Within this achievement, sales figures for BYD and Geely have already exceeded those of Nissan and Honda, respectively, with Nissan dropping out of the global top ten rankings for the first time in over two decades.

Guojin Securities pointed out that in overseas markets, data from Marklines shows the new energy vehicle penetration rates in Western Europe, Southeast Asia, Latin America, and Australia/New Zealand for 2025 were 29%, 12%, 9%, and 10% respectively, indicating significant room for further growth. The increased cost of operating fuel vehicles due to higher oil prices is anticipated to accelerate the adoption of new energy vehicles in international markets, benefiting Chinese new energy vehicle exports. Feedback from dealers in multiple countries, including the Philippines, Thailand, and New Zealand, indicates a substantial recent increase in new energy vehicle orders.