China's EV maker NIO climbs on launch of first mobile phone

Wuling Motors Holdings

21/09/2023 06:46

** Hong Kong shares of Chinese electric vehicle (EV) maker
NIO Inc  9866.HK  climb as much as 2.5% to HK$70.80
    ** Stock on course to snap three straight sessions of
decline, if gains hold
    ** Stock is the second biggest pct gainer in Hang Seng Tech
Index  .HSTECH  
    ** U.S.-listed stock  NIO.N  up 3.2% on Wednesday  
    ** NIO launches its first mobile phone, in hopes that better
software and connectivity will boost the appeal of its EV cars
amid a fierce price war in China  
    ** NIO phone, with features like the ability to control
multiple cars with one device or unlocking a car even when
switched off, sells from 6,499 yuan ($890.29) with delivery set
to begin on Sept 28 - Co
    ** Hong Kong shares of rivals Leapmotor  9863.HK , Li Auto
 2015.HK , China Evergrande New Energy Vehicle  0708.HK , Geely
 0175.HK , Wuling Motor  0305.HK , BYD  1211.HK  and Xpeng
 9868.HK  fall 0.8% to 6%   
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 1.6%
and Hang Seng Tech Index  .HSTECH  drops 2.1%
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both slip 1.3%
    ** NIO's Hong Kong shares down 11.4% YTD 



($1 = 7.2999 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))