Previous close | 0.1700 |
Open | 0.1500 |
Bid | 0.1000 |
Ask | 0.1100 |
Strike | 9.00 |
Expiry date | 2024-11-15 |
Day's range | 0.1000 - 0.1500 |
Contract range | N/A |
Volume | |
Open interest | 12.55k |
The electric car, once a niche product, has seen a resurgence in recent years, driven by technological advancements, government incentives, and growing consumer awareness.
In the closing of the recent trading day, NIO Inc. (NIO) stood at $6.29, denoting a +0.8% change from the preceding trading day.
Shares of Chinese EV makers XPeng (NYSE:XPEV) and Nio (NYSE:NIO) are pricing in high expectations following a recent rally, according to a note from UBS on Wednesday. As a result, Chinese automakers now represent 13% of the global car market capitalization, up from 9% just two months ago, though still moderate compared to their 20% share of the global car market and 60% share of the EV market, explains UBS. XPeng is priced at 1.5x 2025E price-to-sales (P/S), while Nio is at 1.1x.