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NIO Inc Newsroom
The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.
① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?
Weekend news: The total amount of usa national debt exceeds 36 trillion dollars. Anthropic receives another 4 billion dollar investment from amazon. Tesla and Rivian reach a conditional settlement.
For more global financial news, please visit 24/7 real-time financial news. Market review last week: The Dow rose over 400 points to a new high, with all three major stock indexes recording gains for the week. On November 22, the top 20 US stock turnover includes reports that Tesla is preparing for the Cybertruck to enter the Chinese market. Popular China concept stocks had mixed performance on Friday, with Wanxiang Reburn increasing by 9.2% and pdd holdings falling by 3.9%. US WTI crude oil rose 6.5% this week, escalating tensions between Russia and Ukraine driving up oil prices. Spot gold rose 5.7% in five days, regaining the $2,700 level. European stocks collectively closed higher, with the German DAX 30 index rising by 0.8%.
Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.
Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.
Nio Stock: Buy, Sell, or Hold?
NIO Inc Options Spot-On: On November 22nd, 268.52K Contracts Were Traded, With 3.32 Million Open Interest
Weekly Buzz: Nvidia Falls on Near Perfect Report, but Only For a Day
Express News | Chair Of European Parliament Trade Committee Tells German Broadcaster NTV, "We Are Close To Agreement With China To Abolish Electric Vehicle Import Tariffs"
U.S. stock market movements | Electric vehicle stocks show mixed results, with Tesla (TSLA.US) rising over 4%.
The stocks of electric vehicles are fluctuating, as of the time of writing, Tesla has risen over 4%.
Citi Maintains NIO Inc(NIO.US) With Buy Rating, Maintains Target Price $8.9
NIO quietly awaits an outbreak two years later
Gaining momentum.
Nio Denies After Rumor of Acquisition by BYD Swirls
Express News | Ishares China Large Cap ETF Down 2.3%, Kraneshares CSI China Internet ETF Down 2.5%
Express News | Li Auto Down 2.4%, NIO Down 1.7%, Xpeng Down 4.4%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket Tracking Losses in Domestic Stocks
Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.
Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.
European Car Sales Flat in October, EVs Gain Ground, ACEA Says
China's Passenger Car Sales Jump 11% in October
NIO May Need Longer Time to Turn Profitable -- Market Talk
Xiaomi's auto performance exceeded expectations across the board: revenue approaching 10 billion, annual delivery target refreshed to 0.13 million.
"Xiaomi delivers its strongest performance ever." Following the release of Xiaomi's third quarter 2024 business results, Xiaomi's founder, director, and CEO Lei Jun could hardly contain his excitement, saying so on Weibo. Looking at the various data, Xiaomi's revenue has been surging for three consecutive quarters, with adjusted net income maintaining historical highs, and all of its businesses thriving. Behind this success is the comprehensive effort of Xiaomi's "all aspects of life eco-system". This quarter, Xiaomi's autos are becoming a significant driver of growth for Xiaomi Group. Monthly deliveries have exceeded 0.02 million vehicles, revenue is approaching tens of billions, and the gross margin has also surpassed the performance of many new energy vehicle companies.
[Brokerage Focus] jpmorgan maintains a "shareholding" rating for NIO (09866), expecting its sales to reach 0.361 million vehicles next year.
Jingwu Financial News | jpmorgan issued a research report indicating that Nio (09866) has mixed results for the third quarter of 2024. The vehicle profit margin is slightly higher than the bank's forecast and market consensus, but the increase in operating expenses/marketing expenses (due to the launch of new products and channel expansion) and non-operating losses have dragged down the net income figures. Management maintained an optimistic tone during the earnings call and expects sales to grow by more than 100% in 2025 driven by new models. Furthermore, profit margins or profitability are expected to improve as a result of economies of scale and tactical reductions in incentives. The bank stated that Nio will see significant developments in 2025.