On April 11, Hong Kong stocks Great Wall Motors fell more than 10%, Xiaopeng Automobile and WEIlai fell more than 8%, Yadi Holdings fell 7%, Ideal Automobile and Geely Automobile fell more than 6%, BYD shares fell nearly 6%, GUANGZHOU Automobile Group fell nearly 5%; A-share Great Wall Motors, Beiqi Blue Valley, Changan Automobile, Jianghuai Automobile fell more than 5%, BYD and Xiaokang shares fell nearly 5%. According to the China Association of Passenger Vehicles, retail sales in the passenger car market reached 1.579 million units in March, down 10.5% year-on-year and 25.6% month-on-month. Cumulative retail sales in the first quarter of this year totaled 4.915 million units, down 4.5% year-on-year, and the overall trend was lower than expected. It is also worth noting that due to the impact of the epidemic, car companies such as Weilai and Great Wall Motors said that production was affected.
