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Nio Day 2024 to Be Held in Guangzhou
Guangzhou is one of the most economically developed cities in China and home to the headquarters of Xpeng and GAC Group. For details, please visit CnEVPost.
Market Chatter: NIO Refutes Price Increase Rumos, May Lower Discounts
NIO (SGX:NIO, HKG:9866) refuted rumors of price hikes of its electric cars by 5,000 yuan and clarified that some of the earlier discounts offered in China have been trimmed, Yicai reported Friday.
Nio Confirms 2nd-gen Nio Phone to Be Launched on Jul 27 Tech Day
The new Nio Phone will see smoothness and performance improvements, as well as incorporate the utilization of AI large models, said Nio's vice president for hardware. For details, please visit CnEVPost.
Nio to Hold Nio IN 2024 Event on Jul 27 in Shanghai
Nio said it will officially launch SkyOS, its new vehicle operating system. The company is also expected to launched the second-generation Nio Phone. For details, please visit CnEVPost.
Institutions Along With Retail Investors Who Hold Considerable Shares InNIO Inc. (NYSE:NIO) Come Under Pressure; Lose 8.4% of Holdings Value
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
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