Xpeng Inc (HK: 9868 ) rose 2.4% while Geely Automobile (HK: 0175 ) added 0.7%. BYD's commitment helped soothe some concerns over waning cash levels in the Chinese EV sector, especially as local players remain involved in a bitter price war to capture a greater share of the world's biggest EV market. BYD and its rivals were seen enacting steep price cuts earlier this year as they sought to undercut competition. But this trend sparked steep margin losses across the sector, while Chinese reports earlier suggested that local EV makers were also facing a cash crunch and could see some difficulty in paying suppliers. Beijing had intervened in the sector in June, drawing commitments of more healthy competition from local EV makers. They had then also committed to a 60-day cycle of paying their suppliers. China's EV market is the largest in the world, accounting for well over half of global EV production and sales.