AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
Nio Delivered 21,209 Vehicles In June 2024, Up By 98.1% YoY, It Delivered 57,373 Vehicles In Q2, Up By 143.9% YoY
NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its June and second quarter 2024 delivery results.
Tesla's Chinese Rival NIO's Firefly Models To Stay Competitive In Europe Despite Added Tariffs, Says CEO William Li: Report
William Li, founder, chairman, and CEO of NIO Inc. (NYSE:NIO), has voiced his opposition to the European Union's newly imposed tariffs on Chinese electric vehicles (EVs).
SG Morning Highlights | OCBC to Expand Digital Silvers Programme to Help 10,000 Seniors Learn Digital Banking Skills by Year End
Stocks to watch: SingTel, OCBC.
EU Tariffs on China EVs: Who Are the Winners and Losers?
The European Union announced it will hike tariffs to as high as 48% on electric Chinese imported vehicles. China has threatened retaliation across agriculture, aviation and cars with large engines. Bloomberg's Danny Lee reports.
May tram delivery report card: NIO and Extreme Krypton hit new highs, and Xiaopeng returned to the era of 10,000 cars! Xiaomi SU7 delivered more than 8,600 vehicles
The ideal is to rank first in “Wei Xiaoli” with delivery data of over 35,000 units. Nacha Auto was left behind, and deliveries in May fell by more than 20% year on year.