Market news丨NIO has a single-day increase of over 22%, why did the new forces in the US stock market rise against the trend?
On Wednesday, the three major U.S. stock indexes closed down across the board, but new car-making forces bucked the market and walked out of an upward curve.
At the opening of the market on Wednesday, Weilai opened high and went high, hitting a high of $26.96 during the session, a new high since its listing. It closed up 22.57% and went up 4.3% after the market. In addition, Xiaopeng Motors (XPEV.US) rose more than 12%, and Ideal Motors (LI.US) rose nearly 7%.
It is worth noting that entering the second half of 2020, Weilai's stock price has fluctuated and increased, and has so far increased by 565.8%, which has changed the previous decline. Affected by negative news, NIO's stock price fell to about $1 last year, almost reduced to a "penny stock", and CEO Li Bin was ridiculed as "the worst person."