On July 24, NIO-SW fell 3.02% in regular trading, trading at 36.58 HKD/share, with turnover of 17.13 million HKD.

On the news front, overnight US tech giants suffered a massive selloff, with the Magnificent Seven collectively declining and losing a combined $797 billion in market value in a single session. Tesla plunged 14.52% after its quarterly earnings revealed declining net profit and negative free cash flow, while Google fell over 6.8% on concerns about excessive AI capital expenditure. The broad risk-off sentiment in global growth stocks has spread to Hong Kong-listed EV names.

Meanwhile, China's passenger vehicle market remains in a deep phase of volume contraction. June national passenger vehicle retail sales totaled 1.602 million units, down 23.2% year-over-year. Institutions forecast that Q3 volume will remain under pressure, with monthly year-over-year growth unlikely to turn positive until Q4. Within the Automobile Manufacturers sector, XPENG-W fell 3.78%, LI AUTO-W fell 2.37%, while LEAPMOTOR rose 2.83% and GEELY AUTO rose 2.32%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)