China and the country's electric vehicle makers are eyeing Hong Kong as a testing ground for its globalization efforts amid difficulties with the US and the European Union, the South China Morning Post reported.
Hong Kong's role as a global financial hub is an advantage for the industry, acting as a "two-way gateway for Chinese electric car makers to launch overseas and bring in new technologies, according to the Nov. 28 report, citing the China Association of Automobile Manufacturers.
XPeng (HKG:9868) is among those using Hong Kong as its international launchpad. It opened its flagship store in the city in July and offered right-hand drive units in November, the report said.
Geely's (HKG:0175) Zeekr brand launched the 009 six-seater pure electric vehicle in July, the report said.
BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), and NIO (HKG:9866, SGX:NIO) are also among China's top electric vehicle makers, the filing said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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