On July 13, NIO-SW fell 3.26% in regular trading, trading at 37.38 HKD/share, with turnover of 31.17 million HKD. The decline came as the broader automobile manufacturing sector weakened, with industry-wide cost pressures weighing on sentiment.
On the news front, NIO founder and CEO Li Bin revealed on July 10 that raw material price surges — including aluminum, copper, lithium carbonate, and storage chips — have driven up ES8 per-unit costs by nearly 20,000 RMB, requiring a 30,000 RMB price hike to maintain original margins. NIO stated it would absorb the cost increase rather than raise prices, implying near-term margin compression. Industry analysis has also questioned the sustainability of NIO's recently achieved quarterly profitability, noting it was partly driven by significant R&D and SG&A cost cuts rather than organic scale improvement.
Within the Automobile Manufacturers sector, the overall sector declined broadly. Among individual stocks, LEAPMOTOR down 4.82%, GEELY AUTO down 2.90%, XPENG-W down 2.34%, BYD COMPANY down 1.47%, LI AUTO-W down 1.05%.
(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.)