HSBC Downgrades NIO to Hold From Buy, Adjusts Price Target to $4.50 From $7.20
Insurance Registrations of Major Car Brands in China in 2024: Nio 205,300, Xiaomi 136,800, Tesla 659,400
China EV Insurance Registrations by Brand for Week Ending Jan 5: Nio 3,000, Tesla 5,500, BYD 36,500
In 2024, the seventh batch of Electric Vehicles exempt from vehicle purchase tax has been announced. Cui Dongshu: There are a variety of products with high energy density in Batteries.
In 2024, there are a total of 20,085 models of Electric Vehicles in the tax exemption directory. Due to the large number in the first batch, the quantity of Electric Vehicles in the directory is relatively higher than the normal levels in recent years.
U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.
① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.
NIO Inc Options Spot-On: On January 6th, 239.46K Contracts Were Traded, With 3.42 Million Open Interest
XSpace : Not Reasonable! Buy Nio Now