Why Is NIO Inc. (NIO) the Best Small Cap EV Stock to Invest In?
The design of the Firefly has sparked controversy; Li Bin responded that the Europe team and partners really like it, and many users in China have not yet seen the actual vehicle.
According to Sina Technology News on December 22, in a recent NIO Day 2024 event, NIO's third brand firefly was unveiled, featuring a triple headlight design, which has sparked some controversy. NIO's founder, Director, and CEO Li Bin responded externally stating that this car was designed by the Munich Design Center, and the entire Europe team, along with some partners, gave it a very high rating, and everyone likes it. Indeed, this is because many users in China haven’t seen the actual vehicle yet, and he has also received some feedback from NIO users. "We think this is quite good,"
Express News | NIO CEO William Li: Will Accelerate Buidling Battery Swapping Stations in Europe With Costs of Those Designed for Firefly Evs Reduced by a Third Compared to Stations for NIO-Branded Cars
Express News | China's NIO CEO William Li: Will Launch Firefly Product in Europe in H1 2025, Will Work With Local Partners on Sale and Service for Firefly in European Markets
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Express News | China's NIO Starts Presales of Firefly EV From 148,800 Yuan
Express News | NIO: To Start Delivery of Et9 From March, Start Taking Orders From Today
Express News | Chinese EV Maker NIO to Sell New Flagship Executive Sedan Et9 From 788,000 Yuan
NIO Inc Options Spot-On: On December 20th, 149.13K Contracts Were Traded, With 3.82 Million Open Interest
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Hong Kong stocks movement | NIO-SW (09866) rises over 4%. The first model of its Firefly series is scheduled to begin deliveries in the first half of next year.
NIO-SW (09866) rose over 4%, as of the time of writing, it increased by 4.18%, reported at 36.1 Hong Kong dollars, with a trading volume of 0.145 billion Hong Kong dollars.
Hong Kong stocks movement | Electric Vehicle stocks are rising. The year-end peak season, combined with the trade-in policy, continues to boost the industry's high prosperity trend.
The stocks of Electric Vehicles are rising. As of the time of writing, NIO-SW (09866) is up 5.48%, quoted at 36.55 Hong Kong dollars; LEAPMOTOR (09863) is up 4.19%, quoted at 32.3 Hong Kong dollars; Ideal Auto-W (02015) is up 2.91%, quoted at 93.7 Hong Kong dollars.
Financial Associated Press Autos Morning News [December 20th]
① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
NIO Inc Options Spot-On: On December 19th, 123.28K Contracts Were Traded, With 3.79 Million Open Interest
Is spring coming for the New energy Fund battery swap market? Zeng Yuqun: One-third of the market is held, Li Bin: 20% of battery swap stations have reached the break-even point.
① NIO's battery swapping station | The G25 Changshen Expressway Hongze Lake service area is online, and the battery swapping network of the G25 Changshen Expressway Jin-Guangdong section is officially connected. ② According to the plan of Contemporary Amperex Technology, 1,000 chocolate battery swapping stations will be built by 2025, and the company will also expand into Hong Kong and Macau.
NIO Inc Options Spot-On: On December 18th, 131.1K Contracts Were Traded, With 3.78 Million Open Interest
Peering Into NIO's Recent Short Interest
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