Xin Lang Cai Jing·2025-05-26 08:33Group 1 - The Hong Kong stock market for automobiles experienced a significant decline, with major players like BYD, Li Auto, Geely, and Xpeng seeing drops of 8.60%, 8.45%, 9.46%, and 4.44% respectively [1] - BYD initiated a substantial price reduction campaign from May 23 to June 30, with some models priced as low as 60,000 yuan, raising concerns about a new wave of price wars in the market [1] - This marks the third promotional effort by BYD since the end of March, with the latest promotion being more extensive than previous ones [1] Group 2 - The current competition in the new energy vehicle market is product-centric, with cost-performance strategies being a key choice for companies, especially those with weaker brand power [1] - The automotive sector's deflationary environment has increased consumer price sensitivity, leading to a short-term focus on cost-performance in competition [1] - The Hong Kong Technology Index saw a 3.33% decline, with the automotive sector comprising 21.5% of the index, indicating a significant impact from the automotive industry's downturn [1] Group 3 - As of April 30, 2025, the top ten weighted stocks in the CSI Hong Kong Stock Connect Technology Index include Xiaomi, Alibaba, BYD, Tencent, Meituan, SMIC, BeiGene, Kuaishou, Li Auto, and Xpeng, collectively accounting for 71.55% of the index [3]