La vendita allo scoperto per NIO dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di NIO. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

NIO (NYSE:NIO) Azioni, Report sulle vendite allo scoperto

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.

NIO Inc. American depositary shares, each representing one Class A ordinary share

NIO Inc

NioCorp Developments Ltd

NIO STRATEGIC METALS INC by NIO STRATEGIC METALS INC.

Nio Strategic Metals Inc

NIPPON KODOSHI CORP by Nippon Kodoshi Corp.

Nippon Kodoshi Corp

Plato Gold Corp

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 200 points during on Monday.
The Dow traded down 0.55% to 42,079.06 while the NASDAQ rose 0.14% to 18,144.66. The S&amp;P 500 also fell, dropping, 0.14% to 5,730.18.
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Leading and Lagging Sectors Consumer staples shares jumped by 0.3% on Monday.
In trading on Monday, materials shares fell by 0.6%.
Top Headline
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares shot up 11% to $7.24 after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</li>
<li>Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) got a boost, surging 23% to $4.26 after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of high value programs.</li>
<li>EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares were also up, gaining 71% to $2.06 after Mobix Labs submitted an all-cash offer to acquire the company for $3.80 per share.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) shares dropped 19% to $16.31. Prothena announced leadership team updates. Cantor Fitzgerald analyst Charles Duncan reiterated Prothena with an Overweight rating.</li>
<li>Shares of Heritage Insurance Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NASDAQ">HRTG</a>) were down 17% to $12.94.</li>
<li>Stellantis N.V. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) was down, falling 14% to $13.79 after the company lowered its FY24 guidance.</li>
</ul>
Commodities In commodity news, oil traded up 0.9% to $68.81 while gold traded down 0.5% at $2,655.10.
Silver traded down 1.2% to $31.44 on Monday, while copper fell 1.4% to $4.5340.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.84%, Germany's DAX fell 0.66% and France's CAC 40 dipped 1.71%. Spain's IBEX 35 Index fell 0.52%, while London's FTSE 100 fell 0.81%.
The British economy grew by 0.5% on quarter during the second quarter, down from 0.7% in the first quarter, while the UK's current account deficit widened to £28.4 billion in the second quarter, versus a revised £13.8 billion in the prior quarter. Net consumer credit in the U.K. rose by £1.3 billion in August, from £1.2 billion in the previous month. German import prices increased by 0.2% year-over-year in August compared to a 0.9% rise in July.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 dipping 4.80%, Hong Kong's Hang Seng Index jumping 2.43%, China's Shanghai Composite Index gaining 8.06% and India's BSE Sensex falling 1.49%.
Japan&#8217;s housing starts fell by 5.1% year-over-year in August compared to a 0.2% decline in the prior month, while industrial production fell by 3.3% month-over-month in August. Retail sales in Japan climbed by 2.8% year-over-year in August.
The official NBS Non-Manufacturing PMI in China fell to 50.0 in September from 50.3 in the prior month, while official NBS Manufacturing PMI climbed to 49.8 in September from 49.1 in August.
Economics
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2.
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Crude Oil Moves Higher; Prime Medicine Shares Spike Higher

Chinese stocks continue to rebound Monday following years of underperformance after China said it would allow homeowners to refinance mortgages, the latest move in a string of measures aimed at <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings">supporting its struggling economy</a>.
What To Know: China on Sunday announced that it would allow for the refinancing of mortgages by home buyers, according to a <a href="https://www.wsj.com/world/china/china-to-allow-home-buyers-to-refinance-mortgages-in-latest-easing-move-2d3eeb4a?mod=livecoverage_web">report</a> from the Wall Street Journal.
The report indicates that the move could help recent policy changes more effectively filter through to the markets. Before the mortgage refinancing measures were announced, home buyers were unable to reap immediate benefits from lower interest rates. 
&#8220;Shortcomings in the current mortgage interest-rate pricing mechanism have become apparent, the public reaction has been quite strong and the need to adjust and optimize is urgent,&#8221; China&#8217;s central bank reportedly said in a statement.
Under new rules, borrowers will be able to refinance home loans using prevailing market rates for new mortgages if the difference between their rate and current market rates reach a &#8220;certain magnitude.&#8221; Further details on the threshold were not shared.
The People's Bank of China reportedly said that the new measures will go into effect on Nov. 1.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41096388/hurricane-helene-102-dead-2-million-without-power-after-storm-destruction-in-6-states">Hurricane Helene: 102 Dead, 2 Million Without Power After Storm Destruction In 6 States</a>
The <a href="https://www.benzinga.com/topic/hang-seng-index">Hang Seng</a> jumped 2% on Monday after rising about 13% last week and the Shanghai Composite soared approximately 8%. Several U.S.-listed Chinese stocks also surged following the announcement. 
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was up 2.05% at $109.51, JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) was up 3.57% at $41.32, PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) was up 2.47% at $138.72, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) was up 2.33% at $107.61, Bilibili Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) was up 5.85% at $24.26 and KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) was up 8.2% at $21.64. 
China-based EV names were also getting a boost from the announcements over the weekend including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), up 8.97% at $7.10, and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), up 3.47% at $26.67. 
The news over the weekend comes after China announced its most aggressive stimulus measures since the pandemic last week and promised that it would deploy "necessary fiscal spending" to meet its economic growth target of 5%. 
The moves out of China mark the country's latest attempts to revive an economy that has battled deflationary pressures and growth headwinds due to property declines and wavering consumer confidence.
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</ul>
Photo: Shutterstock.

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China Stocks Jump As Stimulus Optimism Mounts: What's Going On?

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Monday.
Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) rose sharply during Monday's session after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of <a href="https://www.benzinga.com/quote/PRME/news">high value programs</a>. 
Prime Medicine shares jumped 39.6% to $4.8317 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) gained 28% to $6.68.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) gained 26% to $5.80.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) shares jumped 25% to $12.43.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) rose 20% to $2.8750.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) gained 18% to $101.15.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) gained 14% to $3.2250.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 13.8% to $7.42 after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 12.4% to $23.71. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) climbed 9.5% to $18.76. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) gained 8.6% to $1.8250.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 7.8% to $79.24.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) gained 7.4% to $27.69. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>Structure Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) gained 6.5% to $44.45.</li>
<li>Weibo Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) gained 6.2% to $10.52.</li>
</ul>
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Prime Medicine, MINISO Group, Li Auto, Weibo And Other Big Stocks Moving Higher On Monday

<ul>
<li>NVDA</li>
<li>BABA</li>
<li>NIO</li>
<li>RKLB</li>
<li>WAY</li>
<li>MADE</li>
<li>TSLA</li>
<li>CCL</li>
<li>AAPL</li>
<li>GLD</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AAPL

MADE

NVDA

RKLB

TSLA

Top 10 Trending Stocks On WallStreetBets As Of September 30, 2024 (Via Swaggy Stocks)

NIO: 15% &#x7C; <a href="https://www.benzinga.com//node/41089541">Nio shares are trading higher after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</a>
&nbsp;
PRME: 33% &#x7C; <a href="https://www.benzinga.com//node/41088636">Prime Medicine Enters Strategic Research Collaboration And License Agreement With Bristol Myers Squibb; Prime Medicine To Receive $110M Upfront, With Potential For More Than $3.5B In Milestones</a>
&nbsp;
BL: 4% &#x7C; <a href="https://www.benzinga.com//node/41089664">BlackLine shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $60 to $70.</a>

Market-Moving News for September 30th

<h3>Gainers</h3>
<ul>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares moved upwards by 79.9% to $0.16 during Monday's pre-market session. The company's market cap stands at $9.6 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock increased by 76.2% to $2.37. The company's market cap stands at $5.9 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares increased by 18.99% to $1.19. The market value of their outstanding shares is at $10.1 million. </li>
<li>Perfect Moment (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#AMEX">PMNT</a>) stock rose 15.54% to $1.27. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) shares increased by 14.49% to $2.4. The company's market cap stands at $47.2 million. </li>
<li>NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stock increased by 13.8% to $7.42. The company's market cap stands at $15.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) stock declined by 7.0% to $2.81 during Monday's pre-market session. The company's market cap stands at $13.8 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) stock fell 6.09% to $1.08. The market value of their outstanding shares is at $7.3 million. </li>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) shares decreased by 5.61% to $1.01. The market value of their outstanding shares is at $82.6 million. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) shares fell 4.47% to $0.63. The market value of their outstanding shares is at $15.4 million. </li>
<li>Holley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLLY#NYSE">HLLY</a>) stock fell 4.3% to $2.9. The company's market cap stands at $347.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

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Shares of US-listed Chinese companies are trading higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.

Nio shares are trading higher after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.

U.S. stocks appear on track to start the new week on the back foot, with index futures modestly lower early Monday. As the S&amp;P 500 trades slightly shy of its record high, traders may show reluctance to add to their positions, especially ahead of the week&#8217;s labor market data. Regional manufacturing activity data and speeches by Federal Reserve officials, including one from Chair<a href="https://www.benzinga.com/news/24/09/41085958/fed-chair-jerome-powell-set-to-speak-as-economists-raise-concerns-over-risks-arising-from-potential"> Jerome Powell</a>, could also have a bearing on the trading direction.
Sentiment may be marred by the looming strike by the International Longshoremen&#8217;s Association that is expected to stall activity in ports from New England to Texas, potentially crippling supply chains. In a note to clients, fund manager Louis Navellier said, &#8220;Even a two-week Longshoreman strike would disrupt holiday sales and supply chains for drugs and other essential products.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.53%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.03% to $571.29 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.04% to $486.55, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks rose for a third straight week as traders bet on the continuation of the rally into the fourth quarter as the Fed delivers on its promise. The Chinese efforts to stimulate the economy set in motion buying in China-exposed stocks, while positive reaction to Micron Technology, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings boosted the tech space.
The Dow Industrials finished the week at fresh intraday and closing highs, while the S&amp;P 500 settled just shy of its all-time highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.95%</td>
<td>18,119.59</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.63%</td>
<td>5,738.17</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.59%</td>
<td>42,313.00</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.14%</td>
<td>2,224.70</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The solid September gains bring both good and bad news for the market, according to Carson Group Chief Investment Strategist Ryan Detrick. The S&amp;P 500 Index is close to clocking gains of 20% year-to-date heading into October for the first time since 1997, the strategist said. When this had happened in the past, the index was down seven of the nine times. Despite the October weakness, the fourth quarter returned 4.1% on average in these years, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 with a shot at being up 20% YTD heading into October for the first time since 1997. That&#39;s the good news. The bad news? Oct lower 7 of 9 times that&#39;s happened. Still, Q4 with a solid median return of 4.1% when all is said and done says don&#39;t lose faith now. <a href="https://t.co/rkD3uXVGGo">pic.twitter.com/rkD3uXVGGo</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1840412404498272554?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Tech bull Daniel Ives is very optimistic about the tech stocks continuing to shine. &#8220;We believe the stage is set for tech stocks to move 10%+ higher into year-end and another 20% in 2025 with this tech bull market just hitting its next phase led by the AI Revolution,&#8221; he said. The overall AI infrastructure market opportunity could grow ten times from presently through 2027, he said.</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Upcoming Economic Data:
A quartet of employment reports, including the non-farm payrolls data for September, ADP private payrolls data, the August Job Openings and Labor Turnover survey data and the weekly jobless claims, are among the key data releases for the week. Traders may also focus on a few private sector activity reports scheduled for the week.
<ul>
<li>On Monday Federal Reserve Governor Michelle Bowman is scheduled to speak at 8:50 a.m. EDT.</li>
<li>ISM-Chicago is due to release the results of its regional manufacturing survey at 9:45 a.m. EDT. The Chicago business barometer is expected to show a reading of 45.3 for September, down from 46.1 in August, suggesting a faster rate of contraction.</li>
<li>The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.</li>
<li>Powell will address the National Association for Business Economics,&nbsp;in Nashville, Tennessee, at 1:55 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Carnival Corporation &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) is scheduled to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results ahead of the market opening.</a></li>
<li>Crypto-linked stocks pulled amid the softness seen in digital currencies. MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 5.70% and 4.40%, respectively, <a href="https://www.benzinga.com/premarket">in premarket trading</a>.</li>
<li>Chinese EV startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) climbed over 13% after the company announced additional financing from strategic investors. The shares also reacted to the optimism regarding China&#8217;s stimulus measures. Peers XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose over 8.40% and 7.50%, respectively.</li>
<li>Other U.S.-listed Chinese stocks such as Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) also rallied.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell modestly and traded under $68, while gold futures, though trading off the record highs, are modestly higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped over 3% over the past 24 hours and traded around $63.6K. The yield on the 10-year Treasury edged up slightly to 3.779%.
The major Asian markets closed on a mixed note, with the Japanese market plunging 4.80% as 67-year-old&nbsp;Shigeru Ishiba is all set to take over as prime minister after he was elected to lead the Liberal Democratic Party. <a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus">Uncertainty over his fiscal and monetary policies led to the unraveling of bets,</a> reports said. The Indian, South Korean, Taiwanese, Indonesian and New Zealand markets also advanced.
On the other hand, China&#8217;s key market gauge rallied over 8% after domestic private sector activity data came in weaker than expected, raising hopes of additional stimulus measures. The Hong Kong market also rallied strongly, while the Australian and Singaporean markets rose, although by a much more modest magnitude.
Sentiment across the Atlantic is negative, with most major markets in Europe trading firmly in the red in early trading.
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US Stocks Set For Flattish Start As Traders Eye Job Data, Jerome Powell Speech And Looming Dock Workers' Strike: Top Analyst Says 'Stage Is Set' For Tech Stocks To Move Higher

Shares of NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose sharply in <a href="https://www.benzinga.com/markets/equities/24/09/41082193/teslas-chinese-rival-nio-snags-1-9b-investment-from-parent-strategic-investors-as-it-forays-into">today's pre-market.</a>
Nio announced Sunday that strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd., have agreed to invest an aggregate of 3.3 billion yuan ($470.64 million) in cash in its subsidiary Nio China. Nio has concurrently agreed to invest 10 billion yuan (about $1.43 billion) in cash to subscribe to the newly issued shares of Nio China.
nIO shares jumped 12.7% to $7.35 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Zhongchao Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) rose 54.6% to $2.04 in pre-market trading.</li>
<li>Fangdd Network Group Ltd.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares rose 50.8% to $1.90 in pre-market trading after jumping around 18% on Friday.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) gained 44.9% to $0.1303 in pre-market trading after dipping over 15% on Friday.</li>
<li>Garden Stage Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIW#NASDAQ">GSIW</a>) rose 27.2% to $1.54 in pre-market trading after gaining around 3% on Friday.</li>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 27.2% to $2.79 in pre-market trading.</li>
<li>Future FinTech Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTFT#NASDAQ">FTFT</a>) gained 23.8% to $0.4670 in pre-market trading after declining around 4% on Friday.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares surged 21.3% to $0.4668 in pre-market trading after surging around 15% on Friday.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) shares gained 20.8% to $6.28 in pre-market trading after jumping around 84% on Friday.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares jumped 15% to $2.08 in pre-market trading after surging 13% on Friday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) shares dipped 24.7% to $0.2168 in pre-market trading after receiving a notice from the Nasdaq.</li>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) fell 20.4% to $0.78 in pre-market trading after dipping 19% on Friday.</li>
<li>Verb Technology Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares fell 18.1% to $0.0440 in pre-market trading after gaining over 5% on Friday.</li>
<li>CaliberCos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWD#NASDAQ">CWD</a>) fell 14.7% to $0.5322 in pre-market trading.</li>
<li>Nano Labs Ltd&nbsp; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) declined 12.9% to $0.8795 in pre-market trading after jumping 74% on Friday.</li>
<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) shares declined 12.4% to $1.06 in pre-market trading.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares declined 11.6% to $14.20 in pre-market trading after the company updated its 2024 guidance. Stellantis said it now expects FY24 operating margin of 5.5%-7.0%, down from its prior double-digit growth expectations.</li>
<li>Corvus Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) fell 11.6% to $4.55 in today's pre-market trading.</li>
<li>Venus Concept Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares fell 10.4% to $0.62 in pre-market trading. Venus Concept shares jumped around 20% on Friday after the company announced a $15 million debt-to-equity exchange transaction.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 8.3% to $7.51 in pre-market trading.</li>
</ul>
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Why Nio Shares Are Trading Higher By Around 13%; Here Are 20 Stocks Moving Premarket

Chinese electric-vehicle startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rallied strongly <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Monday, and its U.S.-listed domestic peers also traded sharply higher. 
Shanghai, China-based Nio announced Sunday that strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd., have agreed to invest an aggregate of 3.3 billion yuan ($470.64 million) in cash in its subsidiary Nio China. <a href="https://www.benzinga.com/markets/equities/24/09/41082193/teslas-chinese-rival-nio-snags-1-9b-investment-from-parent-strategic-investors-as-it-forays-into">Nio has concurrently agreed to invest 10 billion yuan </a>(about $1.43 billion) in cash to subscribe to the newly issued shares of Nio China. 
The strategic investors and Nio will inject cash into Nio China in two installments, with 70% to be made by November and 30% by December.
This would mean a cumulative $1.9 billion investment as Nio expands into the mass market segment with its Onvo brand. The first model to be rolled out under the sub-brand is a smart electric mid-size family SUV named L60 and the first deliveries of the EV began over the weekend.
See Also:<a href="https://www.benzinga.com/money/best-electric-vehicle-stocks"> Best EV Stocks</a>
Nio&#8217;s Chinese peers, namely XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) also jumped in premarket trading. The optimism toward these stocks is primarily a function of the <a href="https://www.benzinga.com/markets/equities/24/09/41080316/chinas-reluctance-to-empower-corporations-could-undermine-economic-stimulus-report">copious stimuli China</a> has promised to reinvigorate sagging domestic growth. Reacting to the stimuli hinted by the People&#8217;s Bank of China and the Politburo, the Chinese market has been on a tear since the start of last week. On Monday, the Shanghai Composite Index settled up 8.06% to 3,336.50.
In premarket trading, Nio climbed 11.96% to $7.30, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> XPeng rose 7.94% to $13.73 and Li Auto gained 7.64% to $27.75.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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Image Via Shutterstock

Tech

Nio Soars 12%, Leading Chinese EV Stocks Higher In Monday's Premarket: What's Driving The Surge?

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>, HKEX: 9866, SGX: NIO)))) ("NIO" or the "Company"), a pioneer and a leading company in the global smart electric vehicle market, today announced that it has entered into definitive agreements for investment in NIO Holding Co., Ltd., a PRC subsidiary in which it holds 92.1% controlling equity interest ("NIO China"), with Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited Partnership), Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd. (collectively, the "Strategic Investors"), pursuant to which&nbsp;the Strategic Investors will invest an aggregate of RMB3.3&nbsp;billion in cash (the "Strategic Investment Amount") to subscribe for newly issued shares of NIO China. Concurrently, NIO will invest an aggregate of RMB10 billion in cash (the "NIO Investment Amount") to subscribe for newly issued shares of NIO China (collectively, the "Investment Transaction"). Upon completion of the Investment Transaction, NIO will hold 88.3% of controlling equity interest in NIO China, while the Strategic Investors together with the other existing shareholders will collectively hold the remaining 11.7% of equity interest in NIO China. &nbsp;
In addition to the NIO Investment Amount, NIO also has the right to invest an additional RMB20 billion to subscribe for additional shares in NIO China by December 31, 2025 based on the same price and terms of the Investment Transaction.
The Investment Transaction is subject to regulatory and internal approvals, as well as the satisfaction of customary closing conditions. The Strategic Investors and NIO will each inject cash into NIO China in two installments, with 70% of the Strategic Investment Amount and NIO Investment Amount to be made by the end of November 2024, with the remaining 30% to be made by the end of December 2024.
This investment not only demonstrates the strategic investors' firm support for the high-quality development of the electric vehicle industry but also underscores their strong recognition of NIO's unique values and industry leadership. With an enhanced balance sheet, NIO is strategically positioned to maintain its long-term advantages in technology, products, services, and user community, promote its multi-brand strategy and penetrate broader markets, and propel the Company into the next stage of sustainable growth.

Reported Earlier, NIO to Invest RMB10B in NIO China, Secures RMB3.3B Strategic Investment to Boost China Operations

Last week, China's central bank&nbsp;shared plans to cut banks' reserve requirement ratio (RRR) by 50 basis points or half a percentage point, boosting US-listed Chinese companies' <a target="_blank" href="https://www.benzinga.com//node/41065178" rel="noreferrer noopener">stocks&nbsp;across sectors</a>.
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares rocketed 39.75% after the People's Bank of China announced a reduction in the amount of cash banks need to hold and outlined plans <a href="https://www.benzinga.com//node/41062614" target="_blank" rel="noreferrer noopener">to support the struggling property market</a>.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) stock jumped 39.18% following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares upped 35.52%, probably following a report suggesting that China will issue up to&nbsp;$284 billion&nbsp;in <a href="https://www.benzinga.com//node/41026720" target="_blank" rel="noreferrer noopener">sovereign debt as part of a stimulus</a>.</li>
<li>Liberty Broadband Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) stock increased 31.74% after the company announced it had communicated a counterproposal to the special committee of the board of directors of&nbsp;<a href="https://www.benzinga.com//node/41015233" target="_blank" rel="noreferrer noopener">Charter Communications, Inc.</a><a href="https://www.benzinga.com//node/41015233" target="_blank" rel="noreferrer noopener"> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>)</a>.&nbsp;</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) stock upped 27.64% on China's stimulus.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) stock upped 26.43% on pin action in Chinese stocks.</li>
<li>Trip.com Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) stock gained 26.02% in the last week on pin action in Chinese stocks.</li>
<li>Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 23.48% last week, joining the rally in Chinese stocks, which was boosted by the government stimulus plans.</li>
<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) stock upped 22.47% following Morgan Stanley's upgrade from Equal-Weight to Overweight <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings" target="_blank" rel="noreferrer noopener">and raising the price target</a> from $97 to $104.</li>
<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) gained 21.95% by joining the rally in Chinese stocks, which got a boost from the government stimulus plans.</li>
</ol>
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) also joined the Chinese stock rally last week, each gaining over 20%.
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Photo by Eric Prouzet on Unsplash

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Chinese Stocks Dominate - JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

Chinese electric-vehicle startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) on Sunday announced that it has received cash infusion at a time the company has making a heavy push into the low-end of the market with its <a href="https://www.benzinga.com/markets/equities/24/06/39155145/nio-plans-organizational-changes-at-onvo-sub-brand-whats-going-on">Onvo brand of vehicles</a>.
What Happened: Shanghai-based Nio said strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd., have agreed to invest an aggregate of 3.3 billion yuan ($470.64 million) in cash in its subsidiary Nio China. The investment is in lieu of an equity stake in the company.
Concurrently, Nio has agreed to invest 10 billion yuan (about $1.43 billion) in cash to subscribe to the newly issued shares of Nio China. Following the completion of the transaction, Nio will hold 88.3% of controlling interest in Nio China. The strategic investors along with existing shareholders will collectively hold the remaining 11.7% equity interest in Nio China.
Nio also has rights to invest an additional 20 billion yuan investment to subscribe to additional shares in Nio China by Dec. 31, 2025, based on the same price and terms of investment transaction.
The completion of the investment is subject to regulatory and internal approvals as well as the satisfaction of customary closing conditions. 
The strategic investors and Nio will inject cash into Nio China in two instalments, with 70% to be made by Nov. 2024 and 30% by Dec. 2024.
&#8220;This investment not only demonstrates the strategic investors' firm support for the high-quality development of the electric vehicle industry but also underscores their strong recognition of NIO's unique values and industry leadership. With an enhanced balance sheet,&#8221; the company said in a statement.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Why It&#8217;s Important: Nio was so far focused on the premium electric-vehicle segment and has carved a niche for itself in the Chinese new-energy vehicle market. The domestic market has become increasingly tough amid intensifying competition and weakening demand. The company has so far weathered the inclement conditions and has recently marked its foray into the low-end of the market with the Onvo brand.
In a post on X announcing the strategic investment, the company said its business is picking up momentum and its delivery has surpassed 20,000 units for a fourth straight month. Delving into the first model launched under the Onvo brand, Nio said L60, a smart electric mid-size family SUV, was delivered on Sept. 28, with order intake stronger than anticipated.
The demand side of the equation could also benefit from the stimulus measures China announced recently. The People&#8217;s Bank of China announced last week it will in the near future cut the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan ($142 billion) for new lending, Reuters reported. It also hinted at the possibility of reducing it by an incremental 0.25-0.50% points. The PBoC also said it would lower seven-day repo rate by 0.2 points, interest rate on medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points. 
Incidentally, <a href="https://www.benzinga.com/markets/asia/23/12/36281426/nio-stock-up-premarket-after-securing-2-2b-strategic-investment">in December Nio closed a $2.2 billion equity investment from</a> CYVN Investments RSC Ltd, an investment vehicle based in Abu Dhabi. Following the transaction, the company said CYVN in aggregate beneficially owns approximately 20.1% of the company's total issued and outstanding shares.
Nio&#8217;s NYSE-listed ADRs ended Friday&#8217;s session 12.80% higher at $6.52, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.

Tesla's Chinese Rival Nio Snags $1.9B Investment From Parent, Strategic Investors As It Forays Into Mass Market

Electric-vehicle stocks finished the week ended Sept. 27 mostly higher, with industry leader Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Chinese startups leading the charge. Investors piled into Tesla ahead of some stock-specific catalysts scheduled for October. Chinese EV makers rode on the positive sentiment generated by <a href="https://www.benzinga.com/opinion/24/09/41053956/a-win-either-way-trade-on-chinas-new-stimulus-package">China announcing stimulus measures</a> to reinvigorate domestic growth.
Here&#8217;s a rundown on what happened in the EV space during the week:
Tesla China Strength Continues: Weekly insured registrations data out of China showed a fairly strong 13,800 Tesla EVs were registered in the week of Sept. 16-22, down 11.54% from 15,600 in the previous reporting week, CnEVPost&nbsp;<a href="https://cnevpost.com/2024/09/24/china-ev-insurance-registrations-week-ending-sept-22-2024/" target="_blank" rel="noreferrer noopener">reported,&nbsp;</a>citing data from&nbsp;Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). Commenting on the number, Future Fund's&nbsp;Gary Black&nbsp;said the performance has come despite a two-day Mid-Autumn Festival national holiday. Through 12 weeks, third-quarter deliveries were up 18.5% year-over-year and 19.9% higher than the previous quarter, he said. &#8220;Still on track for TSLA China&#8217;s best quarter ever,&#8221; he added.
It appears to be Tesla China is benefiting from incentivizing sales. The company has extended its five-year, zero-interest financing program for made-in-China Model 3 and Model Y variants until the end of October. This could set off worries concerning further margin erosion. More details regarding the margin impact of the zero-interest financing would be known when the company reports its third-quarter results in late-October.
Analysts are modeling a third-quarter deliveries beat, primarily due to the China strength even as the European region has remained a sore spot. Barclays analyst Dan Levy said in a note he expects third-quarter deliveries of 470,000 units, above the consensus estimate of 461,000 units.&nbsp;Wedbush&#8217;s Daniel Ives expects sales to trump the consensus forecast and also the whisper number of 465,000-470,000 units. &#8220;We believe 3Q will provide a solid rebound looking to 2H for the company as China continues to heat up and price/demand stabilization has continuously been seen throughout the quarter,&#8221; he said.
Rivian Snags A Downgrade: Morgan Stanley&#8217;s Adam Jonas downgraded Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares from Overweight to Equal-Weight and also cut the price target from $16 to $13. The analyst said his downgrade was due to the incorporation of the capital intensity of autonomous vehicle/autonomous driver assistance system which may be required to fulfill the technological underpinnings that attracted Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) as a JV partner. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39506950/volkswagens-rivian-investment-de-risks-future-growth-plans-but-funding-isnt-free-7-">Rivian struck a partnership with the German automaker</a>, which provided it with a $5 billion investment.
Jonas raised his annual capex estimate for Rivian by $200 million to $300 million per year, beginning in 2026. He also pointed out the uncertainty regarding the cost structure of the joint venture.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Canoo Launches In UK: Struggling EV startup Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) announced this week it is officially launching in the U.K. by establishing Canoo Technologies UK Limited. The company said it has selected Bicester Motion, a former WWII Royal Air Force base, as a key location that reflects the company's spirit of innovation and commitment to sustainability. &#8220;This move signifies a pivotal step in Canoo's global expansion, setting the stage for the company to introduce groundbreaking commercial electric vehicle (EV) solutions to the UK,&#8221; the company said in a statement.
On the flipside, TechCrunch <a href="https://techcrunch.com/2024/09/27/canoo-hit-with-two-supplier-lawsuits-as-last-remaining-co-founder-leaves/">reported</a> that Canoo&#8217;s senior director of advanced vehicle engineering Christoph Kuttner, the last of the co-founders from the team of nine that founded the company in late-2017, has quit. The report also said the company has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles.
Nio Begins ONVO L60 Deliveries: Chinese EV startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) on Saturday started deliveries of its first-ever low-end EV rolled out under the ONVO brand name, CnEVPost reported. The Shanghai-based EV maker is currently pushing out the L60 with a 60-kWh battery pack, and deliveries of long-range vehicles with an 85-kWh pack are expected to begin in December. Sales of the EV began Sept. 19 at a starting price of 206,900 yuan ($29,510), and if the battery is leased, the model would be cheaper. The launch of the vehicle is important as it is pitched against Tesla&#8217;s best-selling Model Y vehicle.
GM Teams Up To Launch Fastest Charging EV Battery: Legacy automaker General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and its Chinese joint venture partner SAIC have joined hands with battery giant CATL to roll out the fastest-charging EV battery, CnEVPost <a href="https://cnevpost.com/2024/09/26/saic-gm-catl-launch-battery-6c-charging/">reported</a>. The battery is based on lithium-iron-phosphate chemistry that would supports 6C ultra-fast charging.
The KraneShares Electric Vehicles and Future Mobility&nbsp;Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) rose 3.39 on Friday before ending at $22.51, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. For the week, the ETF raced 16.51% higher. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41047267/safety-disaster-tesla-fsd-galaxies-away-from-being-anywhere-close-to-competition-says-bearish-analys">&#8216;Safety Disaster:&#8217; Tesla FSD &#8216;Galaxies Away From Being Anywhere Close To Competition,&#8217; Says Bearish Analyst, As He Assigns Zero Valuation To The Tech</a></li>
</ul>
Here&#8217;s how the EV stocks fared this week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Weekly Change (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>+9.32%</td>
</tr>
<tr>
<td>Nio</td>
<td>+23.49%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+32.50%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>+19.68%</td>
</tr>
<tr>
<td>Workhorse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>+24.08%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>+14.47%</td>
</tr>
<tr>
<td>Canoo</td>
<td>+5.94%</td>
</tr>
<tr>
<td>Rivian </td>
<td>-0.94%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>+2.87%</td>
</tr>
<tr>
<td>Faraday Future </td>
<td>-17.51%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>-14.71%</td>
</tr>
<tr>
<td>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>)</td>
<td>+7.10%</td>
</tr>
</tbody>
</table>
</figure>

Analyst Color

Media

HYZN

KARS

LCID

NKLA

RIVN

VWAGY

WKHS

Tesla Analysts Brace For Q3 Sales Beat, Rivian Loses A Bull, Canoo Drives Across The Atlantic And More: Biggest EV Stories Of The Week

The Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% <a href="https://www.benzinga.com/news/econ-s/24/09/41066122/feds-preferred-inflation-gauge-comes-in-below-expectations-for-august-easing-concerns-about-rising-p">year-over-year</a>. The data comes on the heels of the Federal Reserve's 0.5% interest rate cut issued Sept. 18, the first in <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">more than four years</a>.&nbsp;
The inflation data supports another 0.5% interest rate cut in November, RSM US LLP Chief Economist Joseph Brusuelas said in a Friday tweet. "This is what an economic expansion looks like at full employment," <a href="https://www.benzinga.com/news/24/09/41068393/inflation-decline-strengthens-confidence-in-feds-interest-rate-cut-if-you-were-second-guessing-the-f">he said</a>.&nbsp;
The S&amp;P 500 traded at all-time highs above the 5,700 level <a href="https://www.benzinga.com/markets/equities/24/09/41029448/s-p-500-hits-all-time-highs-nasdaq-100-tops-20k-ahead-of-key-economic-data-whats-driving-markets">this week</a>.
<h1 class="wp-block-heading">Brainard Touts China EV Ban In Detroit</h1>
Lael Brainard, the director of the National Economic Council and a former Federal Reserve board member, spoke in favor of the Biden administration's proposed ban on Chinese electric vehicles Monday at the Detroit Economic Club, the same day <a href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks">details of the proposal</a> were released. The U.S. Commerce Department aims to block the import and sale of Chinese-made vehicles with key communications and automated driving systems on the basis of national security concerns. Additionally, a 100% tariff on Chinese electric vehicles imposed by the Biden administration took effect Friday. 
"We will not allow cars driving on U.S. roads if they are using Chinese software and hardware systems," Brainard <a href="https://www.benzinga.com/markets/asia/24/09/40987608/biggest-risk-for-us-autos-biden-advisor-outlines-steps-to-counter-chinese-influence-on-the-industry">told the DEC</a>. "We think this is very important from a national security point of view."
<h1 class="wp-block-heading">Meta Platforms Dives Deeper Into AI, Virtual Reality</h1>
Facebook parent company Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) announced its latest Quest 3S virtual reality headset at the Meta Connect 2024 conference Wednesday along with updates to its Llama artificial intelligence platform and Ray-Ban smart glasses. CEO Mark Zuckerberg introduced a prototype for Orion, Meta's holographic <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">augmented reality glasses</a>. 
"This isn't passthrough. This is the physical world with holograms laid on it," Zuckerberg said.
<h1 class="wp-block-heading">China's Stimulus Triggers Stock Rally</h1>
The People's Bank of China announced <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">stimulus measures this week</a> that will inject approximately $140 billion (1 trillion yuan) in liquidity into the country's banking system as well as a reduction in the mortgage rate, sending U.S.-traded China stocks and ETFs such as e-commerce giant Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and electric vehicle manufacturer Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) higher. 
Billionaire hedge fund manager David Tepper told CNBC's "Squawk Box" that he's building <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">positions in Chinese stocks</a>. "I didn't know that they were going to bring out the big guns," Tepper of the country's stimulus plans.&nbsp;
<h1 class="wp-block-heading">Bernie Sanders Blasts Ozempic Cost</h1>
Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) CEO Lars Jorgensen faced questions from the Senate Health, Education, Labor and Pensions Committee Tuesday about the high prices of the drugs Ozempic and Wegovy. 
Wegovy, the weight loss version of diabetes drug Ozempic, costs $1,349 monthly in the U.S. versus $186 in Denmark, $140 in Germany and $92 in the U.K., according to the committee.
"You're making huge amounts of money in this country and you're charging us far more and you haven't given me an answer as to why," Sen. Bernie Sanders, the committee's chair, said to Jorgensen during the hearing.
The CEO said: "Anything that will help patients get access to affordable medicine, we'll be happy to look into."
Photo: Shutterstock.

Latest Inflation Data Cements Fed's Interest Rate Call, S&P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$257.50</td>
<td>$43.0K</td>
<td>10.4K</td>
<td>98.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$190.00</td>
<td>$117.6K</td>
<td>6.4K</td>
<td>15.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.00</td>
<td>$115.0K</td>
<td>12.6K</td>
<td>5.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$95.00</td>
<td>$55.3K</td>
<td>16.2K</td>
<td>4.3K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$7.50</td>
<td>$30.0K</td>
<td>548</td>
<td>2.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$155.00</td>
<td>$31.5K</td>
<td>1.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$21.00</td>
<td>$89.9K</td>
<td>554</td>
<td>1.5K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$29.1K</td>
<td>17</td>
<td>268</td>
</tr>
<tr>
<td>YUMC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$47.50</td>
<td>$42.0K</td>
<td>0</td>
<td>170</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$208.1K</td>
<td>873</td>
<td>109</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 256 contract(s) at a $257.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $169.0 per contract. There were 10491 open contracts at this strike prior to today, and today 98194 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 4, 2024. Parties traded 700 contract(s) at a $190.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $117.6K, with a price of $168.0 per contract. There were 6410 open contracts at this strike prior to today, and today 15561 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a put option trade that happens to be bullish, expiring in 266 day(s) on June 20, 2025. This event was a transfer of 5000 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $115.0K, with a price of $23.0 per contract. There were 12621 open contracts at this strike prior to today, and today 5003 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on October 18, 2024. This event was a transfer of 41 contract(s) at a $95.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $1350.0 per contract. There were 16258 open contracts at this strike prior to today, and today 4335 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a put option trade that happens to be neutral, expiring in 812 day(s) on December 18, 2026. This event was a transfer of 149 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $202.0 per contract. There were 548 open contracts at this strike prior to today, and today 2073 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $155.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $315.0 per contract. There were 1254 open contracts at this strike prior to today, and today 1950 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on October 11, 2024. Parties traded 1499 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $89.9K, with a price of $60.0 per contract. There were 554 open contracts at this strike prior to today, and today 1566 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option trade with bearish sentiment. It expires in 49 day(s) on November 15, 2024. Parties traded 110 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $265.0 per contract. There were 17 open contracts at this strike prior to today, and today 268 contract(s) were bought and sold. 
• Regarding YUMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), we observe a put option sweep with bullish sentiment. It expires in 112 day(s) on January 17, 2025. Parties traded 84 contract(s) at a $47.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $500.0 per contract. There were 0 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option sweep that happens to be bullish, expiring in 476 day(s) on January 16, 2026. This event was a transfer of 109 contract(s) at a $130.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $208.1K, with a price of $1910.0 per contract. There were 873 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

AMZN

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Shares of US-listed Chinese companies are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Friday.
Shares of IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) rose sharply during Friday's session after the company announced it signed a $54.5 million contract with the <a href="https://www.benzinga.com/quote/IONQ/news">United States Air Force Research Lab.</a>
IonQ shares surged 20% to $9.67 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares jumped 15.5% to $11.05. Biomea Fusion disclosed that the FDA lifted its clinical hold on BMF-219 in Type 2 and Type 1 diabetes trials. Rodman &amp; Renshaw analyst Tony Butler upgraded Biomea Fusion from Neutral to Buy.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) surged 14.1% to $3.23.</li>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) rose 11.5% to $3.67.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) jumped 11.5% to $9.69. Keybanc analyst Michael Leshock maintained Rocket Lab USA with an Overweight and raised the price target from $8 to $11.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 11.3% to $16.79.</li>
<li>Certara, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERT#NASDAQ">CERT</a>) shares jumped 10.5% to $11.82.</li>
<li>Empire State Realty OP, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESBA#NYSE">ESBA</a>) gained 8.4% to $11.50.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 8.4% to $16.79.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) climbed 7% to $1.71.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 6.6% to $6.16.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) gained 5.7% to $9.01.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41066188/this-hp-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday">This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday</a></li>
</ul>

BMEA

CERT

ESBA

IONQ

IonQ, Biomea Fusion, Rocket Lab USA And Other Big Stocks Moving Higher On Friday

Chinese electric vehicle stocks NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>), and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) maintained their upward stock price trajectory Friday since China shared plans to cut its key rates to <a target="_blank" href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday" rel="noreferrer noopener">spur discretionary spending</a>.
On Tuesday, China&#8217;s central bank&nbsp;shared plans to cut banks&#8217; reserve requirement ratio (RRR) by 50 basis points or half a percentage point. The central bank also looks to slash the seven-day reverse repurchase rate to 1.5% from 1.7%.
Chinese EV stocks are down 27%—35% as <a target="_blank" href="https://www.benzinga.com/government/24/08/40490355/whats-going-on-with-chinese-ev-stocks-like-nio-xpeng-li-auto-lucid-motors-on-wednesday?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site&amp;nid=40726231" rel="noreferrer noopener">the industry grapples</a> with soft domestic demand, leading to a price war. EU and US protectionist tariffs pose additional headwinds.
The sector also bore the brunt of the US semiconductor sanctions on China, as artificial intelligence technology plays a vital role in the automobile sector.
Reuters cited China&#8217;s commerce ministry as saying that China initiated an anti-discriminatory investigation against Canada&#8217;s additional tariffs on Chinese electric vehicles and more.
The China EV sector also got a boost from Chinese hyperscalar Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) partnership with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to boost the&nbsp;autonomous driving&nbsp;experience for Chinese smart vehicle owners like&nbsp;Li Auto and more.
Alibaba&#8217;s Apsara Conference showcased <a href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" target="_blank" rel="noreferrer noopener">the e-commerce juggernaut&#8217;s</a> AI accomplishments, including Alibaba Cloud&#8217;s collaboration with XPeng to enhance smart cockpit experiences.
<h2 class="wp-block-heading">NIO Stock Prediction For 2024</h2>
NIO&#8217;s revenue growth in FY23 was 7.3%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 4.83%, while PPI recently came in at 0.2%, growing 1.7% from last year. The unemployment rate was most recently reported as 4.2%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for NIO stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against NIO's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. NIO operates in the Consumer Discretionary sector. The stock has experienced average annual growth of -45.16% compared to the -34.99% average of its peer companies. This is below the broader sector movement of NIO.
Price Actions: NIO stock is up 4.15% at $6.02 premarket at the last check Friday. XPEV stock is up 4.20% at $12.16, ZK stock is up 2.07% at $18.70 and LI stock is up 0.04% at $25.38.
Photos via Shutterstock

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