Hong Kong auto stocks opened strong and zero-running cars rose nearly 5%.

[Hong Kong auto stocks open strong zero-running automobiles up nearly 5 per cent] as of press time, zero-running cars (09863.HK) rose 4.91 per cent, Xilai-SW (09866.HK) rose 4.48 per cent, Xiaopeng Motor W (03690.HK) rose 1.3 per cent and GAC GROUP (02238.HK) rose 1.09 per cent. Citic Securities Research News pointed out that the worst time of the annual price war in the automotive industry has passed, and the recent National standing Committee's policy of "new energy vehicle purchase tax relief and further extension" is expected to boost plate sentiment.