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US stocks closed | The three major indices rose together, the Dow and S&P continued to hit historical highs; most large technology stocks rose, nvidia rose more than 2%, Tesla soared more than 38% in the month, the best performance in nearly two years
US stocks posted weekly gains of over 1%, with the Dow rising by 7.5% in November and the S&P up 5.7%, both achieving the best performance of the year. The Nasdaq accumulated an increase of over 6%, small-cap indices rose by nearly 11%, the chip index rose by 1.5% on Friday but declined monthly, and Tesla saw a monthly increase of over 38%, its best performance in nearly two years.
NIO Inc Options Spot-On: On November 29th, 110.95K Contracts Were Traded, With 3.37 Million Open Interest
On November 29th ET, $NIO Inc(NIO.US)$ had active options trading, with a total trading volume of 110.95K options for the day, of which put options accounted for 29.0% of the total transactions, and
NIO Inc. (NIO): A Bear Case Theory
Express News | Exclusive-Mercedes-Benz to Use Momenta Software in 4 Car Models in China: Sources
Express News | The first NIO Center in the Middle East and North Africa region opened.
CICC gives NIO (09866) an "outperform industry" rating, stating an expectation for delivery to surge and a stronger product cycle ahead.
In the interview that day, Li Bin, founder of 180 Popular Science, and Wang Honghao, the founder of CarStyling china, as well as the well-known technology blogger and founder of "Chaos Book" Pan Luan, discussed the original intention of founding NIO and the next actions that the company should focus on.
Express News | More than ten car companies such as Ideal and Tesla are promoting sales momentum, and experts expect a strong year-end market performance to emerge.
Geely sent knives to suppliers to bargain? The latest response from both parties!
Source: Securities Times Author: An YuFei Che Auto Enterprises not only send letters to suppliers to negotiate prices, but also "give knives"? Geely has clarified! Recently, the news that "BYD (01211.HK) and SAIC Datong are asking suppliers to reduce prices by 10%" has been fermenting. The incident of the general manager of Geely Automotive (00175.HK) parts purchasing company giving a knife to Chen Yudong, former president of Bosch China in 2023, has also been dug out, interpreted as Geely "sending a knife to negotiate prices." On November 29, Chen Yudong responded on his social media saying: "The knife is real, and the person who gave the knife is a good brother, not for price reduction."
Express News | NIO President Qin Lihong: In the long-term race of asia vets, it is not reasonable to pursue profitability too early.
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Express News | DBS Bank: NIO autos are expected to achieve stronger profits, raising the target price to 65 HKD.
Major Bank Rating | DBS Bank: NIO Autos Expected to Achieve Stronger Profits, Raises Target Price to HK$65
DBS Bank analyst Rachel Miu wrote in a report that NIO Inc. could achieve stronger earnings with the potential increase in sales of the new Onvo L60 model and the accelerated overseas expansion. Miu noted that the sales of the Onvo L60 in its first month reached 832 units, and sales are expected to increase for the remainder of the year. Furthermore, NIO Inc.'s expansion into the Middle East and North Africa through joint ventures may further boost the company's sales. DBS Bank maintains a buy rating on the stock and has raised its target price from HKD 57 to HKD 65.
Nio Likely to Deliver Stronger Earnings on Sales, Overseas Expansion -- Market Talk
DBS Maintains NIO Inc(NIO.US) With Buy Rating, Cuts Target Price to $7.5
Hefei will start issuing 44 million RMB automobile consumption vouchers from today, with electric vehicles eligible for a maximum discount of 6,000 RMB.
The Hefei Municipal Bureau of Commerce announced that from today (28th) to December 8th, a total of 44 million yuan will be distributed for the "2024 Hefei Automobile New Consumer Voucher", with the highest discount of 6,000 yuan for new energy vehicles. There will be 336 automobile enterprises participating in the event. It is reported that individual consumers purchasing non-operational automobiles (including gasoline vehicles and new energy vehicles, excluding used cars) from automobile retail enterprises participating in the event can receive and use the consumer vouchers. During the event, consumers using UnionPay cards starting with 62 to pay for the car purchase at the participating automobile sales outlets using the designated POS machine can enjoy installment payments.
Troubles within and without for American car manufacturers: Trump's tariffs and the "price war" in the China car market.
Tariffs may lead to price increases and a decrease in demand. Meanwhile, the fierce price competition in the china automotive industry will pose challenges for usa car companies' operations in china.
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
Express News | NIO stated that multiple individuals who spread malicious rumors have been detained by the police.
Progress on the Central and Eastern Europe electric automobiles anti-subsidy case: The Ministry of Commerce states that consultations are still ongoing.
Regarding the progress of the anti-subsidy case of Chinese and European electric automobiles, according to "Riyue Tan Tian" under CCTV, spokesperson He Yadong of the Ministry of Commerce responded that the Chinese and European technical teams have engaged in intensive consultations concerning the price commitment solution. After hard work, certain progress has been made, and the consultations are still ongoing.
The president of Leauto has bet that the L60 will deliver over 10,000 units in December, with a goal of exceeding 20,000 units delivered by March next year.
At the Guangzhou Auto Show, Ai Tiecheng, president of the new brand Le Dao Automobile under NIO-SW (09866.HK)(NIO.US), announced that the company plans to achieve a monthly delivery volume of over 10,000 units for its first family asia vets electric mid-size SUV, Le Dao L60, in December. If there are doubts about the deliveries, a bet can be made with him for one L60; if the target is met, he will draw 10 NioPhones as rewards in December, demonstrating his confidence in the delivery goals. The order volume for Le Dao L60 exceeds expectations, and the company is doing its utmost for production and delivery. Currently, production orders are scheduled into the first quarter of next year.