On July 29, 2026, Hong Kong NEV stocks surged significantly. Li Auto rose 9.9%, Leapmotor gained 9.5%, and Xiaomi jumped nearly 9% with cumulative rebound exceeding 48% over the past month. Catalysts include密集 deployment in humanoid robotics, strong H1 export data, and continued policy support.
HK Auto Sector Erupts Across the Board
On July 29, 2026, the Hong Kong stock market performed strongly, with the Hang Seng Index rising 1.96% and the Hang Seng Tech Index surging 2.84%. The auto sector led the gains:
| Automaker | Daily Gain | Stock Price | Market Cap |
|---|---|---|---|
| Li Auto | 9.9% | HK$54.15 | HK$117B+ |
| Leapmotor | 9.5% | HK$42.04 | HK$59B+ |
| Xiaomi | ~9% | HK$31.88 | HK$823.8B+ |
| Chery | 8%+ | — | — |
| Geely | 6%+ | HK$20.24 | HK$220B+ |
| XPeng | 4%+ | HK$51.75 | HK$99B+ |
| BYD | 4%+ | HK$93.3 | HK$850B+ |
Xiaomi's performance is particularly notable — cumulative rebound over the past month has exceeded 48%.
Three Catalysts Explained
Catalyst 1: Humanoid Robotics Becomes New Growth Engine
BYD, XPeng, and Li Auto are all deploying in humanoid robotics:
- BYD: Self-developed humanoid robot to debut in August 2026
- XPeng: IRON humanoid robot has begun small-batch trial production
- MIIT Vice Minister Ke Jixin revealed H1 2026 domestic humanoid robot output exceeded 40,000 units, with full-year target exceeding 100,000 units
CICC and other institutions believe 2026 could be a breakthrough year for humanoid robot vertical applications.
Catalyst 2: Export Data Validates Global Competitiveness
H1 2026 China auto export data was strong:
- Total auto exports: 5.096 million units, up 65.3% YoY
- NEV exports: 2.355 million units, up approximately 120% YoY
Catalyst 3: Policy Support Continues
MIIT is formulating the "15th Five-Year" plan for intelligent connected NEVs, with L2 combined driving assistance system penetration reaching 70.5%.
Market Outlook
In the short term, the auto sector's rise benefits from the resonance of multiple positive catalysts. Long-term, Chinese NEV global competitiveness continues to improve, with export growth and intelligent upgrades as core drivers. For industry insights, visit EX1000.COM.
