{Economic Information Daily, 12th exclusive} Chery Automobile (09973) is up 4.4%, trading at HK$24.7, with approximately 370,000 shares traded, involving HK$90.2 million.
The EU and China have finally reached an agreement on hybrid vehicle exports, with China agreeing to limit the number of vehicles exported to the EU to avoid punitive tariffs from the EU. The EU expects China's hybrid vehicle exports to decrease by more than half. According to a plan document from within the EU cited by Bloomberg, restrictions on Chinese hybrid vehicle imports could take effect as early as December 1, with an import cap of 350,000 vehicles in the first year, increasing annually by 6% starting from the second year, and the measure will be implemented for four years.
JPMorgan previously reported that the market share of Chery-branded vehicles in Europe has increased from 1.6% in 2025 to 3.5% in the first eight months of 2026.
Currently, the Hang Seng Index stands at 24,446, up 235 points or 1%, with nearly HK$22.2 billion traded on the main board. The Hang Seng China Enterprises Index is at 8,230, up 82 points or 1%. The Hang Seng Tech Index is at 4,231, up 33 points or 0.8%. (vs)
The EU and China have finally reached an agreement on hybrid vehicle exports, with China agreeing to limit the number of vehicles exported to the EU to avoid punitive tariffs from the EU. The EU expects China's hybrid vehicle exports to decrease by more than half. According to a plan document from within the EU cited by Bloomberg, restrictions on Chinese hybrid vehicle imports could take effect as early as December 1, with an import cap of 350,000 vehicles in the first year, increasing annually by 6% starting from the second year, and the measure will be implemented for four years.
JPMorgan previously reported that the market share of Chery-branded vehicles in Europe has increased from 1.6% in 2025 to 3.5% in the first eight months of 2026.
Currently, the Hang Seng Index stands at 24,446, up 235 points or 1%, with nearly HK$22.2 billion traded on the main board. The Hang Seng China Enterprises Index is at 8,230, up 82 points or 1%. The Hang Seng Tech Index is at 4,231, up 33 points or 0.8%. (vs)
