Movement Alert|GWMOTOR Rises 3.01% in Regular Trading, Auto Sector Rally Drives Broad-Based Gains

Market Focus
07/29

On July 29, GWMOTOR rose 3.01% in regular trading, trading at HK$9.22/share, with turnover of HK$43.63 million.

The rally was driven by a broad-based surge across the Hong Kong-listed auto sector. Among peers, LI AUTO rose 10.71%, LEAPMOTOR gained 6.54%, GEELY AUTO climbed 6.38%, XPENG advanced 5.23%, and BYD COMPANY added 4.34%. Institutions noted that the mid-to-long-term trend of domestic brand ascendancy and electrification-plus-intelligence remains intact, expressing optimism on overseas expansion and industrial upgrade opportunities, with intelligent driving expected to reach a consumer demand inflection point.

On the company-specific front, GWMOTOR has continued repurchasing H-shares in recent weeks, while its new model H10 opened pre-sale at a starting price of RMB 214,800. Additionally, BlackRock recently increased its H-share stake to 9.15%, providing further support to market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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