The CPC Central Committee and the State Council issued guidance to accelerate
development of new-type productive forces, calling for faster deployment of
smart-connected NEVs, AI-enabled smartphones and PCs, humanoid robots and other
next-generation intelligent terminal applications. Hong Kong-listed NEV names
rose on the news: Leapmotor (09863.HK) up over 6%, with Geely Automobile
(00175.HK), NIO-SW (09866.HK), XPeng (09868.HK), SERES (09927.HK), BYD Co.
(01211.HK) and Li Auto (02015.HK) also higher.