Market Recap

Nio is outperforming its local peers Xpeng and Li Auto, as the Hong Kong stock market posted its biggest gain in nearly four months.

Xpeng has fallen a cumulative 64 percent so far this year in Hong Kong. Li Auto has fallen a cumulative 11 percent so far this year. Nio has fallen 11 percent since listing in Hong Kong on March 10.

At press time, Nio is up 11 percent in Hong Kong, Xpeng is up about 7 percent and Li Auto is up about 6 percent.

At press time, Nio was down 7.17 percent to HK$148.9, while Xpeng was also down 7.17 percent and Li Auto was down 7.77 percent.

In the meantime, stocks in the NEV industry chain in China's A-share market soared, with Gotion High-tech up 7.26 percent and CATL up 4.86 percent.

Nio is up 3.26 percent in Hong Kong as of this writing. It closed down 11.26 percent in Hong Kong yesterday, the biggest one-day drop since May 6.

At press time, Nio was down 5.62 percent in Hong Kong, Xpeng was down 5.77 percent and Li Auto was down 3.98 percent.

BYD was up 3.27 percent in Hong Kong, while Nio was down 5.74 percent and Xpeng was down 2.75 percent at press time.

As of press time, Nio is up 4.3 percent to HK$196.6, surpassing its previous all-time high of HK$196.

Nio is lagging behind its local peers, weighed down by the crash of its test vehicle.