Geely Auto (00175.HK) shares are soaring 5.22% in intraday trading on Tuesday, as Hong Kong's electric vehicle (EV) stocks experience a significant uptick across the board. The rally in Geely Auto's stock price is part of a broader surge in the EV sector, reflecting growing investor confidence in the industry.
The surge in Geely Auto's stock is accompanied by impressive gains from other major players in the Hong Kong-listed EV space. Leapmotor is leading the pack with a 7.5% increase, closely followed by NIO, which is up nearly 7%. XPeng is also showing strong performance, matching Geely Auto's gains of more than 5%. Meanwhile, Li Auto rounds out the rally with a solid 5% increase.
This coordinated rise in EV stocks suggests a positive sentiment towards the sector as a whole, potentially driven by favorable industry news or market conditions. Investors appear to be bullish on the future of electric vehicles, with Geely Auto well-positioned to benefit from this trend as one of China's leading automotive manufacturers with a growing focus on electric vehicles.
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