On November 9, NIO-SW rose 5.62% at open, trading at HK$26.7, with turnover of HK$1.1094 million.

The move followed a broader rebound in Chinese ADR and Hong Kong auto sentiment, while the company’s latest delivery update continued to provide fundamental support.

Recent market information showed NIO’s US-listed shares had previously risen more than 5%, helping lift risk appetite for Hong Kong-listed auto names. On fundamentals, the company reported October deliveries of 34,246 vehicles, including 18,125 under the NIO brand, 8,383 under ONVO, and 7,738 under FIREFLY. Deliveries for the first 10 months reached 334,547 units, up 38.5% year on year, with cumulative deliveries at 1,332,139 vehicles. While October deliveries fell 15.2% from a year earlier and 8.4% from September, the stronger year-to-date growth and the company’s reported large SUV share above 30% have remained supportive for sentiment.

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