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
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.
Bike-sharing Giant Hellobike Plugs Into Nio's Charging Network
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
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