🚘 Nio - new call warrant to trade rebounding Chinese electric vehicle stocks
➡️ Macquarie is pleased to list a new call warrant 📌 YF2W (https://warrants.com.sg/tools/warrantterms/YF2W) over Nio Singapore shares this morning
➡️ Nio shares have surged 35.3% in the last 6 trading sessions alone, alongside other Chinese electric vehicle (EV) stocks following China's latest stimulus measures
➡️ Meanwhile, China plug-in EV sales surged 7% over the previous months to 980,000 units in September (based on CPCA's preliminary estimate) while EV penetration remained more than 50% in China
➡️ Specifically for Nio, its latest Onvo L60 model was launched last month on 19 September to compete with Tesla's top selling Model Y SUV model
➡️ Onvo supports battery swap, which allows customers to buy the vehicle body only and rent the battery under a BaaS (battery as a service) model, lowering the barrier to purchase even further in response to wider competition.
➡️ Strong orders for this model may be another short-term stock catalyst for Nio shares
ℹ️ Investors bullish on Nio shares in the short-term may wish to trade the share price volatility using Macquarie's newly listed Nio call warrant. Warrants move in greater percentages than the stock whilst costing a fraction of the underlying share price. As an example, Macquarie's existing Nio call warrant 📌 QMPW (https://warrants.com.sg/tools/warrantterms/QMPW) is up 84.5% since 25 Sept from SGD 0.103 to yesterday's close at SGD 0.190 on Nio's +22.6% increase from USD 5.66 on 25 Sept to yesterday's close at USD 6.94. Another Macquarie Nio call warrant that is short-dated 📌 (https://warrants.com.sg/tools/warrantterms/YRKW) is up 132.5% to SGD 0.093 over the same period
➡️ Nio shares have surged 35.3% in the last 6 trading sessions alone, alongside other Chinese electric vehicle (EV) stocks following China's latest stimulus measures
➡️ Meanwhile, China plug-in EV sales surged 7% over the previous months to 980,000 units in September (based on CPCA's preliminary estimate) while EV penetration remained more than 50% in China
➡️ Specifically for Nio, its latest Onvo L60 model was launched last month on 19 September to compete with Tesla's top selling Model Y SUV model
➡️ Onvo supports battery swap, which allows customers to buy the vehicle body only and rent the battery under a BaaS (battery as a service) model, lowering the barrier to purchase even further in response to wider competition.
➡️ Strong orders for this model may be another short-term stock catalyst for Nio shares
ℹ️ Investors bullish on Nio shares in the short-term may wish to trade the share price volatility using Macquarie's newly listed Nio call warrant. Warrants move in greater percentages than the stock whilst costing a fraction of the underlying share price. As an example, Macquarie's existing Nio call warrant 📌 QMPW (https://warrants.com.sg/tools/warrantterms/QMPW) is up 84.5% since 25 Sept from SGD 0.103 to yesterday's close at SGD 0.190 on Nio's +22.6% increase from USD 5.66 on 25 Sept to yesterday's close at USD 6.94. Another Macquarie Nio call warrant that is short-dated 📌 (https://warrants.com.sg/tools/warrantterms/YRKW) is up 132.5% to SGD 0.093 over the same period
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Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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