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NIO Inc. (NIO) Stock Drops Despite Market Gains: Important Facts to Note
Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
XPeng Joins NIO And Li Auto In Strategic Shift - Reportedly Overhauls Structure To Boost AI Focus
Potential Upside For NIO Inc. (NYSE:NIO) Not Without Risk
BOCOM Intl: China's domestic car companies achieved another record high in overseas sales in June, bullish on the performance of NIO Inc and Xpeng.
BOCOM Intl released a research report stating that in June of this year, China's self-owned automobile companies sold 0.225 million units overseas, a year-on-year increase of 45%, setting a new historical record. SAIC and Chery contributed 25% and 24% of the self-owned car overseas sales, ranking first and second respectively. Overall, China's self-owned car companies' export data has shown a growing trend year-on-year. At the same time, sales in Europe, Asia, and South America also maintained strong growth momentum. The report stated that based on the cost-effectiveness of China's self-owned gasoline vehicles, and the continuous increase in market share in Russia and South America, this institution believes that China's self-owned gasoline vehicles
Bocom Intl: China's domestic auto companies set a new record for overseas sales in June, bullish on the performance of NIO Inc-SW (09866) and Xpeng Inc-W (09868).
SAIC and Chery contributed 25% and 24% of the independent vehicle overseas sales, ranking the first and second respectively.