The Latest Breaking News from NIO

Hong Kong stocks opened in the green on Friday, taking cues from Wall Street where major indices gained following clarity on the U.S. Federal Reserve’s policy path. China’s slower-than-expected consumer price inflation rise also lifted sentiments. 

Reuters

Hong Kong stocks opened mixed on Friday ahead of the release of the U.S. jobs report that would give more cues on the course and aggression of the U.S. rate hike later this month. The Hang Seng index lost 0.5% in opening trade. Shares of XPeng lose over 3% in the morning session.

NIO reports that its overall electric vehicle delivers in August increased by 82% year-over-year to 10,677, which is also a slight improvement over July.

Market volatility is widespread ahead of the Fed’s September rate hike. Moreover, experts are wary of the near-term market uncertainties. Given this volatile backdrop, it could be wise to avoid fundamentally weak stocks NIO (NIO), Twitter (TWTR), Lucid Group (LCID), DraftKings (DKNG), and AMC Entertainment (AMC). Keep reading….

This week we found in our inbox photos of two camouflaged NIO ET7 prototypes, spotted in Szczecin, Poland.

Just as the week was shaping up strongly for the market, Fed Chair Jerome Powell played spoilsport, triggering a steep sell-off on Friday. Electric vehicle stocks were no exception, although a few did manage to close in the green.

Localising EV production for important markets seems to be a hot topic these days, with several Chinese automakers looking to open plants in Europe or the US.

Here is a very special episode of Bjørn Nyland's 1,000 km challenge, in which the NIO ES8 electric car has been tested using battery swap stations.