On August 4, GWMOTOR declined 3.07% in regular trading to HK$8.68, with turnover of HK$84.75 million, as auto stocks broadly weakened following divergent July sales data across the sector.

GWMOTOR reported July sales of 108,067 units, up just 3.54% year-over-year. While overall figures showed modest growth, the high-margin Tank brand posted a 13.95% YoY decline to 17,228 units, with cumulative January-to-July sales down 11.16%. The WEY brand also fell 23.10% YoY to 7,725 units. Overseas sales of 62,015 units and Euler brand growth of 151.63% partially offset domestic brand softness.

The broader sector faced pressure as sales divergence among automakers intensified. Leapmotor broke 100,000 monthly deliveries, while XPeng and Li Auto reported single-digit or negative growth, triggering a sector-wide selloff. BYD fell 1.63%, Geely declined 2.35%, XPeng dropped 4.89%, and Li Auto lost 3.38%.

(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.)