PRE-MARKET CHINESE STOCKS NEWS: Automaker vehicle sales updates
Chinese automakers reported mixed August sales performance, NIO beat Q2 EPS estimates, while China prepared auto compliance guidelines and Canada probed Chinese tire imports.
News detail
BYD Co. (1211 HK) - Co. August vehicle sales were 440.3k units (prev. 373.6k Y/Y). (Newswires) Chery Automobile (9973 HK) - Co. Jan-Aug total sales rose 10.8% Y/Y to 1.80mln units. (Newswires) COSCO Shipping Holdings (1919 HK) - US officials accused the Co. of using concealed equipment aboard its vessels to gather military communications intelligence near foreign coastlines. (Newswires) Geely Automobile (175 HK) - Co. August vehicle sales rose 8% Y/Y to 270.2k units. (Newswires) Great Wall Motor (2333 HK) - Co. August total vehicle sales fell 1.9% Y/Y to 113,396 units and production rose 4.5% Y/Y to 118,316 units, while Jan-Aug sales rose 2.0% Y/Y to 805,358 units and production rose 8.8% Y/Y to 854,229 units. (Dow Jones Newswires) NIO Inc. (NIO US) - Co. Q2 2026 (CNY) EPS -0.29 (exp. -0.45), rev. 32.1bln (exp. 33.40bln), vehicle sales 29.058bln (prev. 16.136bln Y/Y), gross profit 5.907bln (prev. 1.898bln Y/Y). (Newswires) SAIC Motor (600104 CH) - Co. August vehicle sales were 357.0k units (prev. 363.4k Y/Y). (Newswires) Seres Group (601127 CH) - Co. August total vehicle sales fell 39.6% Y/Y to 27,684 units and production fell 43.7% Y/Y to 26,531 units, while Jan-Aug sales fell 14.2% Y/Y to 250,943 units and production fell 15.5% Y/Y to 250,173 units. (Dow Jones Newswires) Swire Pacific (19 HK) - Co. sold 362.6mln Cathay Pacific shares at HKD 13.20/shr, representing 5.96% of shares outstanding, and repurchased HKD 4.69bln of exchangeable bonds. (Newswires) Tencent Holdings (700 HK) - Co.’s Workbuddy partnered with ZG Group to launch the NextB2B AI agent. (Newswires) Other News Canada trade panel said to probe truck and bus tyre imports from China. (Newswires) China is reportedly set to apply a 20% tax to foreign individuals’ dividend income, although the rate is not a broad new levy and is already provided for under existing individual income-tax law. (Newswires) China is reportedly set to issue guidelines on overseas competition and compliance for the auto industry, with automakers told not to disrupt market order. (Newswires)
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