Chinese EV Stocks Defy Market Slump on Export Boom

Shares of major Chinese electric vehicle makers surged in Hong Kong trading on Monday. This rise happened even as the overall market fell. The jump is linked to strong export data and higher global oil prices. Both factors make battery-powered and hybrid cars more attractive to buyers. Investors are also hopeful that a series of new model launches will boost sales within China. Nio led the gains, rising 6.6% to HK$52 by midday. BYD climbed 5.6% to HK$111, reaching its highest price since early October. Chery Automobile and Xpeng also saw increases. The performance highlights how EV stocks are moving on specific industry news, separate from wider market trends.