Shares of major Chinese electric car makers jumped in Hong Kong, as investors welcomed Beijing’s latest plan to launch more auto consumption stimulus measures.

NIO Inc. SG:NIO soared as much as 7.4% within an hour of trading, and shares were last up 6.7%. XPeng Inc. HK:9868 gained 2.8% and Geely Automobile Holdings Ltd. HK:175 added 2.5%. The U.S.-listed shares of NIO NIO and XPeng advanced 8.0% and 5.5%, respectively, on Wall Street overnight.

The…