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NIO-SW News
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products
NIO Steps Up Efforts to Accelerate EV Sales Growth
Puhui International: It is estimated that by 2025, the penetration rate of new energy Passenger Vehicles in China will reach 53.7%, maintaining an accelerating upward trend.
The accelerating penetration rate has been the fundamental determination for the Electric Vehicles Industry in recent years.
Market Chatter: NIO Seeks to Boost Sales Via Improved Efficiency, Cost Control
Express News | NIO Inc. USD OV(NIO.SG) decreased 3.16% to $4.600 with a turnover of $279.61K.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
NIO Inc Options Spot-On: On December 12th, 155.93K Contracts Were Traded, With 3.67 Million Open Interest
Nio Touches on Wide Range of Topics in Year-end Media Meet, Here's Everything You Need to Know
China to Lift Fiscal Spending to Boost Economy
NIO Aims to Double Sales in 2025 and Keep a Lid on Costs
Who will Yu Chengdong and Wang Chuanfu choose as the Automotive Person of the Year? NIO's Li Bin responds.
Who will Yu Chengdong and Wang Chuanfu choose as the Automotive Person of the Year? NIO's Li Bin responds.
Express News | Corrected-NIO's Li: Expects to Increase the Number of NIO Battery Swapping Stations to 5,000 in 2025 (Not 2024) From More Than 3,000 This Year
Express News | Repeat-NIO's William Li: NIO's First EV Model Capable of Battery Swapping Developed for Automaker Partner Is Undergoing Winter Tests
Express News | Repeat-NIO's William Li: We Are Actively Evaluating the Impact of Latest U.S. Curbs on Chips
NIO will complete a fast battery swap network of 9 vertical and 9 horizontal routes within the year.
On December 12, during the communication meeting ahead of NIO Day 2024, NIO announced the latest progress in the construction of its charging and battery swapping infrastructure. As of December 12, NIO has built 2,779 battery swap stations nationwide, including 907 along highways. NIO aims to establish a national highway battery swap network covering 9 vertical and 9 horizontal routes within the year, with plans to construct over 900 highway battery swap stations, averaging one station approximately every 200 kilometers of highway. This marks the completion of the highway battery swap network construction between major cities in the country, making it the first domestic company to complete the coverage of charging and energy supply facilities along national highway trunk lines.
China's Auto Sector Gets Boost From National Trade-in Policy in November
China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
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