智通财经网·2026-01-30 06:46Core Viewpoint - The automotive sector is experiencing significant stock declines due to rising costs from raw materials, particularly affecting electric vehicle manufacturers [1] Group 1: Stock Performance - GAC Group (02238) has dropped by 3.69%, trading at HKD 3.65 [1] - Great Wall Motors (02333) has decreased by 2.66%, trading at HKD 13.19 [1] - Li Auto-W (02015) has fallen by 2.58%, trading at HKD 65.95 [1] Group 2: Cost Pressures - HSBC reports that the prices of metals and storage chips have surged, leading to significant cost pressures for automakers [1] - Lithium prices have increased by approximately 127% over the past three months, potentially raising the cost per vehicle by RMB 3,000 to RMB 5,000 [1] - The rise in storage chip prices may add an additional RMB 1,000 to RMB 3,000 to vehicle costs, directly impacting the cost structure of electric vehicles [1] Group 3: Market Dynamics - The current price increases are primarily attributed to supply bottlenecks [1] - Due to a trend of consumer downgrade and the traditional off-season in the first quarter, automakers may struggle to pass on costs to price-sensitive consumers [1] - Companies may need to adopt vertical integration and technological upgrades to absorb additional costs, as well as negotiate larger annual price reductions with suppliers [1]