Hong Kong stocks of smart cars plummeted, affected by the death of a well-known entrepreneur driving NIO ES8
Hong Kong stocks related to smart cars fell, while Ideal Auto fell 5%.Xiaopeng Motor falls 3.5%，BYD shares fell 6.4%.
Shares of Remains in Hong Kong Drop in the Monday Morning Trade, Li Auto Falls 5%, BYD Falls 6.4%, XPEV Dips 3.5%.
$XPENG-W(09868.HK$
$BYD COMPANY(01211.HK$
$LI AUTO-W(02015.HK$
Shares of Remains in Hong Kong Drop in the Monday Morning Trade, Li Auto Falls 5%, BYD Falls 6.4%, XPEV Dips 3.5%.
$XPENG-W(09868.HK$
$BYD COMPANY(01211.HK$
$LI AUTO-W(02015.HK$
Entrepreneur “Meng Swordsman” died in a car accident, and NIO ES8 sparked speculation
Chinese media says a Chinese story was never in a car crash when driving NIO ES8 with NOP (Navigate on Pilot) on.
At 2:00 p.m. on August 12, Lin Wenqin (“Meng Swordsman”), founder of Shangshan Ruoshui Investment Management Company, drove a NIO ES8 to activate the autonomous driving function (NOP pilot status), a traffic accident occurred on the Hanjiang section of the Shenhai Expressway and unfortunately passed away.
NIO says NOP (Navigate on Pilot) not automatic driving system.
A person from NIO's brand department responded, “Navigate on Pilot (NOP) pilot assistance is not autonomous driving, and future survey results will synchronize information with the outside world.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Twitter@Sino_Market | Realtime Chinese market info provider.
9237Followers
4Following
8784Visitors
Follow
酷宝6886 : It's all an excuse, but it's actually bulk goods
102711703 : RIP. The stocks shall be ok as it is individual who choose to try out their way of driving and luck.
eitokun : I wish there is chance to buy XPEV (US ADR) at 25. Missed out on the May to June rally.
102711703 : Don’t like the idea of double listing. HK stocks more subjected to manipulation..
酷宝6886 eitokun: Don't worry, it can definitely be cheaper than $25 if you're patient
eitokun : I think I know why Nio could be having bad times. There is news from Channel News Asia that Asia stocks decline today as China economy slows.