On the afternoon of July 2, China Association of Automobile Manufacturers (CAAM) announced that the sales volume of the automobile industry in June this year is expected to reach 2.28 million units, achieving double growth compared with the previous month. Or affected by this news, on July 3, the collective trend of automobile stocks was strong, byd A shares in the afternoon to pull up the seal board, the stock price stood at 79.35 yuan/share high, the total market value of nearly 220 billion yuan.

By the end of the afternoon, in addition to BYD, A-shares FaW Jiefang, Chang 'an Automobile and Lifan all rose more than 9 percent, while JMC, SAIC Motor and Great Wall Motor all rose more than 4 percent. Among them, Changan Automobile shares hit a new high in nearly two months, while dual-listed BYD was the biggest winner, even hitting a new high in nearly five years.

It is worth mentioning that, in addition to the general rise of domestic auto stocks, U.S. auto stocks also performed well on July 2. On the evening of July 2, Tesla motors disclosed that it delivered 90,000 cars in the second quarter of this year. Influenced by this news, Tesla's stock rose 9% and its market value exceeded $220 billion after the OPENING of the US stock market.

In addition, NexteV, a new Chinese car manufacturer listed in the US, surged 18.58% at the end of the day, with its market value returning to us $11.1 billion, the highest since March 2019. Combined with the sales data just released by NexteV, a total of 3,740 new cars were delivered in June this year, with a year-on-year growth of 179.1%. The overall delivery volume in the second quarter exceeded 10,000 for the first time, so it is not difficult to understand the surge.