The Latest Breaking News from NIO

The stock market suffered significant weekly losses again, but bounced off lows, helped by Friday's jobs report. Nvidia, BYD were big losers as Pinduoduo soared.

Hong Kong stocks opened mixed on Friday ahead of the release of the U.S. jobs report that would give more cues on the course and aggression of the U.S. rate hike later this month. The Hang Seng index lost 0.5% in opening trade. Shares of XPeng lose over 3% in the morning session.

NIO reports that its overall electric vehicle delivers in August increased by 82% year-over-year to 10,677, which is also a slight improvement over July.

The yield on the benchmark 10-year Treasury surged to 3.27% — an increase of 14 basis points.

Futures fell as China export restrictions on Nvidia, AMD hit chip stocks. China EV sales were mixed.

Nio, Xpeng and Li Auto report August China EV sales Thursday, with BYD soon after. BYD stock is diving as Warren Buffett disclosed a small share sale.

Market volatility is widespread ahead of the Fed’s September rate hike. Moreover, experts are wary of the near-term market uncertainties. Given this volatile backdrop, it could be wise to avoid fundamentally weak stocks NIO (NIO), Twitter (TWTR), Lucid Group (LCID), DraftKings (DKNG), and AMC Entertainment (AMC). Keep reading….

This week we found in our inbox photos of two camouflaged NIO ET7 prototypes, spotted in Szczecin, Poland.

Just as the week was shaping up strongly for the market, Fed Chair Jerome Powell played spoilsport, triggering a steep sell-off on Friday. Electric vehicle stocks were no exception, although a few did manage to close in the green.

Fed chief Jerome Powell warned Friday to expect some "pain," and the market rally certainly felt it. Here's what to do now.

Localising EV production for important markets seems to be a hot topic these days, with several Chinese automakers looking to open plants in Europe or the US.