NIO Steps Up Efforts to Accelerate EV Sales Growth

TipRanks04:46 ET

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.

Zhitong Finance03:36 ET

Market Chatter: NIO Seeks to Boost Sales Via Improved Efficiency, Cost Control

MT Newswires03:21 ET

Express News | NIO Inc. USD OV(NIO.SG) decreased 3.16% to $4.600 with a turnover of $279.61K.

Futu News01:41 ET

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.

wallstreetcn22:04 ET

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.

wallstreetcn18:24 ET