NIO(US:NIO) Bank of China Securities·2025-09-22 08:44Market Performance - The Hang Seng Index (HSI) closed at 26,545, with a year-to-date increase of 32.3%[2] - The HSCEI recorded a closing value of 9,472, reflecting a 29.9% increase year-to-date[2] - The MSCI China index showed a year-to-date growth of 35.9%[2] Commodity Prices - Brent Crude oil is priced at US$67 per barrel, down 7.3% year-to-date[3] - Gold prices have surged to US$3,690 per ounce, marking a 40.6% increase year-to-date[3] - Copper prices are at US$9,989 per ton, with a year-to-date increase of 13.9%[3] Economic Indicators - The Markit US Composite PMI is reported at 54.6, indicating expansion in the economy[4] - The US Nominal Account Balance shows a deficit of US$450.2 billion[4] - Southbound trading in Hong Kong has seen a net inflow of RMB1,022.2 billion year-to-date, up 129.7% year-on-year[7] Corporate Developments - NIO's all-new ES8 is priced between RMB406,800 and RMB446,800, with deliveries starting on September 21, 2025[16] - NIO aims to produce over 40,000 units of the new ES8 this year, projecting monthly sales to exceed 10,000 units[17]