HK Stocks Move | Auto Stocks Decline Collectively as Upstream Prices of Metals and Storage Chips Surge Sharply; Automakers May Raise Prices to Counter Cost Pressures

LootboxPhobia · 2026-03-18T05:37:09+00:00

Automotive stocks collectively declined, with Li Auto falling 4.7% and XPeng dropping 3.9%. Several car company CEOs warned that rising chip prices pose cost challenges, and Chery Starry and Zeekr 007GT are about to adjust their prices. HSBC noted that increases in raw material prices will significantly raise manufacturing costs for vehicles.

LootboxPhobia

2026-03-18 05:37:09

Abstract generation in progress

CITIC Finance APP learned that auto stocks collectively declined. As of the time of writing, Li Auto-W (02015) fell 4.7% to HKD 67.95; Xpeng Motors-W (09868) dropped 3.9% to HKD 75.15; Great Wall Motors (02333) decreased 1.96% to HKD 12.98.

On the news front, since the beginning of this year, several automaker CEOs, including NIO, Li Auto, and Xiaomi, have repeatedly warned about the cost challenges brought by rising chip prices. On March 5, Chery Automobile’s premium brand Exeed announced a price increase for the Exeed ET5, with the high-end version featuring 210 laser radar Zhi Zun Edition raised by HKD 5,000. Recently, there have been reports that the upcoming second-quarter launch of the refreshed Zeekr 007 GT will see a price adjustment, with rumored increases ranging from HKD 5,000 to HKD 8,000.

HSBC previously released a research report stating that recent sharp rises in the prices of upstream raw materials such as metals and storage chips will bring significant short-term cost pressures to automakers. The increase in storage chip prices could lead to a cost rise of HKD 1,000 to HKD 3,000, directly impacting the cost structure of electric vehicles. In addition to chips, fluctuations in the prices of raw materials for power batteries, such as lithium mines, have further amplified cost pressures.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.