PRE-MARKET CHINESE STOCKS NEWS: Automaker vehicle sales updates

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PRE-MARKET CHINESE STOCKS NEWS: Automaker vehicle sales updates

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BYD Co. (1211 HK) - Co. August vehicle sales were 440.3k units (prev. 373.6k Y/Y). (Newswires)

Chery Automobile (9973 HK) - Co. Jan-Aug total sales rose 10.8% Y/Y to 1.80mln units. (Newswires)

COSCO Shipping Holdings (1919 HK) - US officials accused the Co. of using concealed equipment aboard its vessels to gather military communications intelligence near foreign coastlines. (Newswires)

Geely Automobile (175 HK) - Co. August vehicle sales rose 8% Y/Y to 270.2k units. (Newswires)

Great Wall Motor (2333 HK) - Co. August total vehicle sales fell 1.9% Y/Y to 113,396 units and production rose 4.5% Y/Y to 118,316 units, while Jan-Aug sales rose 2.0% Y/Y to 805,358 units and production rose 8.8% Y/Y to 854,229 units. (Dow Jones Newswires)

NIO Inc. (NIO US) - Co. Q2 2026 (CNY) EPS -0.29 (exp. -0.45), rev. 32.1bln (exp. 33.40bln), vehicle sales 29.058bln (prev. 16.136bln Y/Y), gross profit 5.907bln (prev. 1.898bln Y/Y). (Newswires)

SAIC Motor (600104 CH) - Co. August vehicle sales were 357.0k units (prev. 363.4k Y/Y). (Newswires)

Seres Group (601127 CH) - Co. August total vehicle sales fell 39.6% Y/Y to 27,684 units and production fell 43.7% Y/Y to 26,531 units, while Jan-Aug sales fell 14.2% Y/Y to 250,943 units and production fell 15.5% Y/Y to 250,173 units. (Dow Jones Newswires)

Swire Pacific (19 HK) - Co. sold 362.6mln Cathay Pacific shares at HKD 13.20/shr, representing 5.96% of shares outstanding, and repurchased HKD 4.69bln of exchangeable bonds. (Newswires)

Tencent Holdings (700 HK) - Co.’s Workbuddy partnered with ZG Group to launch the NextB2B AI agent. (Newswires)

Other News

Canada trade panel said to probe truck and bus tyre imports from China. (Newswires)

China is reportedly set to apply a 20% tax to foreign individuals’ dividend income, although the rate is not a broad new levy and is already provided for under existing individual income-tax law. (Newswires)

China is reportedly set to issue guidelines on overseas competition and compliance for the auto industry, with automakers told not to disrupt market order. (Newswires)

Context

Monthly Chinese automaker sales roundups of this kind are a recurring fixture and tend to be read less on the headline unit growth than on the split between volume and pricing, since the sector has spent several years in a price-war regime where rising deliveries alongside falling gross margins signal share bought with discounts rather than demand. The distinction worth drawing across the names is between the volume leaders still compounding, such as BYD and Geely, and those reporting outright year-on-year declines, since the latter have historically been the ones to cut prices next, pulling the peer set with them. NIO's print fits a familiar pattern for the loss-making EV cohort: a narrower-than-feared loss with revenue light of expectations, a combination that in past episodes has seen the stock trade initially on the margin beat before the focus returns to cash burn and delivery guidance. The non-auto items carry their own channels: the COSCO accusation sits in the established sequence of US scrutiny of Chinese shipping and logistics assets, which has previously played out through sanctions-list speculation, insurance and charter-rate effects rather than through headline equity moves, and the planned overseas-conduct guidelines for automakers echo prior Beijing efforts to police export pricing, which have mattered for the names most exposed to European and emerging-market volumes. The reported dividend-tax clarification is administrative rather than a new levy, and history suggests such clarifications move flows only where they touch northbound or offshore dividend capture. The calendar tell is whether the sales cadence holds into the autumn selling season and whether export-facing names show strain ahead of further trade-remedy actions, of which the Canadian tyre probe is the latest instance.

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