Stock Market Today, Dec. 30: Nio Rallies on Upbeat Q4 Sales Outlook

Core Viewpoint - Nio's stock price increased by 3.00% following a positive sales outlook of $4.3 billion and the extension of China's electric vehicle subsidies, indicating strong investor confidence in the company's future performance [1][5]. Company Performance - Nio's current stock price is $5.50, with a market capitalization of $11 billion. The stock has shown a 10.00% increase over the past five days, and trading volume reached 78 million shares, significantly above the three-month average of 53 million shares [2]. - The company projected fourth-quarter vehicle sales to exceed 30 billion yuan (approximately $4.3 billion), which has reassured investors after a disappointing Q3 revenue report [6]. Industry Context - The Chinese government has extended trade-in subsidies for electric vehicles, offering consumers up to $2,850 towards a qualifying new vehicle, which is expected to boost demand in the EV market [5]. - Nio's performance is being compared to competitors in the premium EV sector, with Tesla's stock declining by 1.13% and Li Auto's stock increasing by 0.64% on the same day [4].