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PRE-MARKET CHINESE STOCK NEWS: Automaker sales updates, Chinese RatingDog Manufacturing PMI is scheduled today

StockNow breaking-news AI analysis

Chinese automakers report mixed July sales while Hong Kong's Q2 GDP missed expectations. Trade tensions persist as China reacts to US sanctions and plans PV price dumping curbs.

News detail

BYD (1211 HK) - Co. reported July total vehicle sales of 419,211 units vs. 344,296 Y/Y, with production of 420,249 units vs. 317,892 Y/Y. January-July vehicle sales were 2.23mln units vs. 2.49mln Y/Y, while production was 2.23mln units vs. 2.45mln Y/Y. (Dow Jones Newsplus)Chery Automobile (9973 HK) - Co. reported July sales volume rose 24.1% Y/Y to 261.9k units. (Newswires)China Vanke (2202 HK) - Chair Huang Liping stepped down with immediate effect. (Newswires)Geely Automobile (175 HK) - Co. reported July total vehicle sales rose 5% Y/Y to 250,161 units, while January-July sales rose 2% Y/Y to 1.67mln units. (Dow Jones Newsplus)Great Wall Motor (2333 HK) - Co. reported July vehicle sales rose 3.5% Y/Y to 108.1k units. (Newswires)Legend Holdings (3396 HK) - Co. expects H1 net of at least CNY 2bln, rose 186% Y/Y. (Newswires)Li Auto (2015 HK) - Co. reported July total vehicle deliveries of 30,468 units, with January-July deliveries at 1.76mln units. (Dow Jones Newsplus)Nio (9866 HK) - Co. reported July vehicle deliveries rose 71% Y/Y to 35,934, but fell from June. (Newswires)Xiaomi (1810 HK) - Co. reported July EV deliveries of more than 30.0k units, unchanged from June. (Newswires)Other NewsChina's MOFCOM said the US addition of Chinese companies in its forced labour entities list had no factual basis and that US actions disrupt the stability of global supply chains. (Newswires)China is reportedly planning measures to stop photovoltaic companies from dumping products at excessively low prices. (Newswires)Data Recap Hong Kong GDP QQ (Q2 A) -0.6% vs. Exp. 0.2% (Prev. 2.9%) Hong Kong GDP YY (Q2 A) 4.3% vs. Exp. 4.9% (Prev. 5.9%)

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