NIO241206C2500
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NIO Inc Newsroom
Jiyue Xia's internal letter is suspected of plagiarizing NIO's Li Bin.
According to Sina Technology News on December 12, in the morning, Jiyue's CEO Xia Yiping released an internal letter on the afternoon of the 11th admitting that the company is currently facing difficulties and needs immediate adjustments. Some netizens pointed out that parts of Xia Yiping's internal letter were plagiarized from NIO's Li Bin's internal letter in 2023. Xia Yiping's internal letter mentioned that in this new entrepreneurial phase, the following four aspects must be addressed: 1. Continue long-term investment in core technologies to maintain a competitive edge; 2. Strengthen sales and service capabilities to cope with intense market competition; 3. Merge departments and positions with overlapping functions and reform inefficient internal workflows; 4. Cut back on areas that cannot improve finances in the short term.
[Brokerage Focus] Goldman Sachs assigns a "Sell" rating for NIO (09866) citing that the delivery volume of the L60 model falls short of expectations.
Jingu Financial News | Goldman Sachs stated that NIO (09866) saw a 0.2% month-on-month decline in sales in November, with the average Trade price dropping by 2%. The firm believes that NIO is in a disadvantaged position in its expectations entering 2025, because 1) NIO delivered 5,000 Le Dao L60 vehicles, which is 27% less than their expected 7,000 units. The firm believes that the slow production ramp-up will negatively impact the Order momentum for this model; 2) NIO will only launch one new model next year, putting it in a passive position against competitors' new products; 3) As the Le Dao sales network expands, sales and management...
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
NIO Inc Options Spot-On: On December 11th, 186.53K Contracts Were Traded, With 3.62 Million Open Interest
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data
China's Nov Auto Sales Climb 11.7% To 3.32 Million Units
China Central Economic Work Conference: A Key Indicator for Future Market Trends
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
The performance of auto stocks is divergent. Nio (09866) fell by 3.16%. Institutions say that after December, the auto market will enter the consumer off-season, and caution is needed regarding fluctuations in the auto sector stock prices.
Jinwu Financial News | The performance of automotive stocks is mixed. As of the time of publication, NIO (09866) is down 3.16%, Evergrande Auto (00708) is down 2.08%, Xpeng Motors (09868) is down 1.17%, Great Wall Motor (02333) and Li Auto (02015) are also down. On the other hand, Guangzhou Automobile Group (02238) is up 3.11%, Peking Automotive (01958) is up 1.28%, LEAPMOTOR (09863) is up 1.38%, and Geely Automobile (00175) is up 1.02%. In terms of news, BOCOM INTL released the monthly report for the automotive Industry, forecasting passenger vehicle sales for November 2024.
Nio Nov Deliveries Breakdown: ES6 at 5,942, ET5T at 4,142
BOCOM INTL: In November, the penetration rate of New energy Fund in the mainland reached 52.3%. Bullish on December's performance.
BOCOM INTL suggests focusing on quality symbols in the Passenger Vehicle Sector such as BYD Company Limited (01211), NIO Inc. -SW (09866), and XPeng Inc. -W (09868).
【Brokerage Focus】BOCOM INTL: After a sales surge in December, the auto market enters the Consumer off-season, caution is needed as the performance of the Autos Sector stock prices may show fluctuations.
Jingwu Financial News | BOCOM INTL releases the monthly report for the Autos Industry. In November 2024, retail sales of Passenger Vehicles increased by 16.5% year-on-year, with domestic brands remaining strong. The retail penetration rate of Electric Vehicles in November was 52.3%, marking the fifth consecutive month above 50%. The export growth rate slowed in November, with the share of Electric Vehicles dropping to 20%. Considering that the Spring Festival in 2025 is earlier than in 2024, leading to some car purchases before the Spring Festival being completed by the end of 2024, and the trade-in subsidy policy entering the final phase in December, some car manufacturers are also boosting sales through promotional activities. The bank expects the Passenger Vehicle market to maintain its performance in December.
Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor
① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.
Everbright: The impact of the vehicle trade-in subsidy for the entire year is far better than expected. Bullish on investment opportunities in the Autos Sector driven by policy support.
The Politburo meeting has prioritized loose policies and boosting consumer activity, which are highly relevant to the Autos industry.
U.S. stocks closed: The Dow Jones fell for four consecutive days, Chinese concept stocks plummeted over 4%, as the market focused on the CPI report.
① The Nasdaq China Golden Dragon Index fell 4.34%, as China Concept Stocks collectively declined; ② Apple is reportedly planning to equip its smartwatches with satellite communication capabilities; ③ Google A rose 5.62%, as the company launched its latest quantum chip "Willow," achieving significant technological breakthroughs; ④ Microsoft shareholders voted against the Bitcoin investment proposal.
NIO Inc Options Spot-On: On December 10th, 219.28K Contracts Were Traded, With 3.54 Million Open Interest
Unpacking the Latest Options Trading Trends in NIO
China Stimulus Rally Is Already Fading. Why Alibaba, JD.com Stocks Are Falling.