On October 12, CHERY AUTO rose 3.04% in regular trading, trading at HK$24.74/share, with turnover of HK$9.18 million. The rally came as Hong Kong-listed automakers broadly advanced, driven by market optimism over a newly reached China-EU understanding on hybrid vehicle trade.

Market participants noted that if future export quotas are allocated under a model similar to that used for solar products, automakers like CHERY AUTO with an established export presence in Europe could capture a significant share. CHERY AUTO exported approximately 200,900 vehicles in September, setting a new single-month record for Chinese auto exports, with exports accounting for 70% of total volume. Analysts broadly maintain positive ratings on the stock. The gain also reflects technical stabilization and recuperation demand following the company's Hong Kong listing in late September.

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