On July 2, NIO-SW declined 3.41% in regular trading, trading at HK$37.38/share, with turnover of HK$78.05 million, significantly underperforming the broader auto sector.

The decline came despite robust delivery figures released on July 1. NIO delivered 40,597 vehicles in June, up 62.9% year-over-year, marking a monthly high. Q2 total deliveries reached 107,658 units, a 49.4% YoY increase, with cumulative deliveries surpassing 1.18 million. All three brands — NIO, ONVO, and Firefly — posted record figures.

However, the stock diverged sharply from sector peers. BYD surged 8.49%, Geely Auto gained 3.32%, and Li Auto rose 2.65%, while NIO declined independently. Market participants appeared to adopt a sell-the-news stance following the strong data release. Additionally, a widely discussed iOS App crash on June 29 that locked owners out of their vehicles may have weighed on near-term sentiment, raising concerns over software reliability.

(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.)