On June 26, NIO-SW declined 4.25% in regular trading, trading at 36.66 HKD/share, with turnover of 8.4381 million HKD. Multiple negative catalysts converged to weigh on the stock.

On the news front, NIO founder Li Bin recently issued a stark industry warning, stating that domestic auto retail sales fell 19.5% year-over-year in January through May, and urged the market to brace for a full-year industry decline of 15-20%. Li Bin described this as the most difficult year since he entered the automotive industry. Additionally, the newly launched Ledao L60 saw its price reduced by 14,100 yuan compared to the previous model, reflecting intensifying price competition across the NEV sector.

Meanwhile, NIO and Li Auto have engaged in a public dispute over technology routes — range-extended versus pure electric — heightening market concerns over a deteriorating competitive landscape. Within the Automobile Manufacturers sector, broad-based weakness prevailed, with BYD Company down 2.96%, Li Auto-W down 2.87%, XPeng-W down 2.21%, Geely Auto down 1.1%, and Leapmotor down 4.78%.

(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.)