Q1 China Auto Exporters across the board are seeing good news, with the Hang Seng Hong Kong Stock Connect Auto Theme Index up more than 2% intraday! Wanjia’s Hong Kong Stock Connect Auto ETF will be launched on April 15! Subscription code: 520733.

On April 8, global stock markets rebounded strongly. The Hong Kong market attracted widespread capital, with the Hang Seng Index and Hang Seng Tech surging intraday. As of 13:50, the Hang Seng Hong Kong Stock Connect Auto Theme Index was up 2.31%.

In Q1 2026, China’s auto export data for going overseas beat expectations across the board. Combined with reinforced expectations of oil-price volatility amid geopolitical tensions, the logic of new-energy substitution has driven Hong Kong’s auto sector into a golden allocation window— the Wanji Hang Seng Hong Kong Stock Connect Auto Theme ETF (on-exchange shorthand: Hong Kong Stock Connect Auto ETF Wanji; subscription code: 520733) will be launched in a big way starting April 15!

In spring 2026, an oil war sent Brent crude soaring by 63% in a single month, the largest increase since 1988, while also accelerating global electrification and the expected transition. Chinese automakers turned in a strong performance:

Geely Auto exported 81,639 vehicles in March, up both month-over-month and year-over-year; exports rose 120% year over year and 34% month over month. In Q1, cumulative overseas sales totaled 203,024 vehicles, up 126% year over year;

Chery Group exported 148,777 vehicles in March alone, up 72% year over year, setting a new record for China’s single-month auto exports. It has already exceeded 100k vehicles for 11 consecutive months. In Q1, cumulative exports totaled 393,311 vehicles, up 53.9% year over year;

BYD’s overseas sales in a single month were 120k vehicles, up 65.2% sharply.

Data from the report shows that in 2025, China’s auto exports to the European Union saw a “double rise in volume and value.” In terms of export volume, it first broke the 1 million-vehicle mark, setting an industry milestone and increasing substantially by 30.7% year over year. In terms of export value, the full year reached €13.72 billion (about $15.83 billion), up 4.0% year over year. In addition, the share of China-made cars in the EU market has risen from 5% in 2022 to 7%, maintaining its position as the EU’s largest source of car imports.

Open Source Securities noted that in 2025, exports of new-energy vehicles surged 70% year over year. Policies in regions such as Europe and Southeast Asia, as well as South America, have been favorable. The localization and production capacity of Chinese automakers has also accelerated. Overseas expansion has shifted from “exporting products” to “exporting industry,” and upside in earnings elasticity looks promising.

Wanji Hang Seng Hong Kong Stock Connect Auto Theme ETF (on-exchange shorthand: Hong Kong Stock Connect Auto ETF Wanji; subscription code: 520733) tracks the Hang Seng Hong Kong Stock Connect Auto Theme Index, aiming to reflect the performance of Hong Kong listed companies whose value chain in auto production can be accessed through the Hong Kong Stock Connect. As a high-quality tool for a one-click allocation to the new forces in building cars in Hong Kong, the index precisely targets the core tracks of new-energy vehicles and intelligent driving. It includes leading automakers such as BYD, Li Auto, Xiaopeng, and others.

At present, Chinese automakers are going through an ecological leap from “energy substitution” to “intelligent evolution.” At the crossroads where global overseas expansion and AI intelligent driving are deeply integrated, Wanji Hang Seng Hong Kong Stock Connect Auto Theme ETF (on-exchange shorthand: Hong Kong Stock Connect Auto ETF Wanji; subscription code: 520733) will be launched in a big way starting April 15! Help investors seize the opportunity amid the wave of globalization and intelligentization in the automotive era!

(Funds involve risk; invest carefully)

(Editor-in-charge: Zhang Xiaobo)

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