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Express News | The China Association of Automobile Manufacturers: To ensure the security and stability of the automotive industry chain and supply chain, it is recommended that Chinese auto companies be cautious in purchasing chips from the USA.
Express News | NIO applies for the registration of the Longpai trademark.
The three major industry associations have all spoken out! Be cautious when purchasing usa chips.
The China Semiconductor Industry Association, China Automobile Industry Association, and China Internet Association have all issued statements, urging domestic enterprises to carefully choose to purchase American chips. The new round of US export restrictions involves over 140 Chinese companies, impacting semiconductor manufacturing equipment, electronic design automation tools, and violating the fair principles of the global semiconductor industry.
US stocks anomaly | NIO rose more than 1% before the market, with a year-on-year increase of 28.9% in November delivery volume.
Gelonghui, December 3 | NIO (NIO.US) rose 1.59% in pre-market trading, reaching $4.47. In terms of news, NIO autos delivered 20,575 vehicles in November 2024, exceeding 0.02 million units for seven consecutive months, a year-on-year increase of 28.9%. From the beginning of 2024 until now, a total of 190,832 vehicles have been delivered, a year-on-year increase of 34.4%. So far, NIO has cumulatively delivered 640,426 new vehicles. (Gelonghui)
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
NIO Inc. ADR Falls Monday, Underperforms Market