Auto stocks listed in Hong Kong generally saw an uptick, with Li Auto Inc. soaring over 5% and Great Wall Motors climbing more than 3%. Various new energy vehicle companies have unveiled their May sales figures, among which Zeekr and Leapmotor stood out with remarkable performance. Concurrently, a fresh wave of price wars in the automotive industry has garnered widespread attention, prompting both the Ministry of Industry and Information Technology and the China Association of Automobile Manufacturers to voice their opposition to unprincipled competition and bottomless price wars.
