#LiAuto Oct vehicle deliveries 7,649 units, +107.2% y/y. #NIO Oct vehicle deliveries 3,667 units, -27.5% y/y.
$LI $NIO
$LI falls 1.9% in premarket trading, $NIO rises 0.6%.
$NIO erases earlier gains, now trades down 1.6%.
$NIO: Oct vehicle delivery was significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products introduction, as well as certain supply chain volatilities. ir.nio.com/news-events/ne…
$NIO falls 1.7% after recording year-on-year decline in Oct delivery results. $NIO
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NDRC: China's coal stocks at power plants exceed 110 million tonnes as of Nov 2 vs 100 million tonnes on Oct 29. #China#coal
China's NDRC: Coal stocks at power plants about 31 mln tonnes higher than end-Sept, and 6 mln higher than on Oct 29. #China#coal
China's NDRC says rapid increase in coal stocks at power plants will effectively meet demand for coal for power generation and heating in winter. #China#coal
China's premier Li Keqiang: China's economy is facing new downward pressure. China to make cross-cyclical adjustments and formulate a new combination of tax and fee reduction policies. #China $CNY
China's premier Li Keqiang: China to crack down on monopoly, unfair competition, hoarding, and price gouging. #China $CNY #commodities
China's vice premier Han Zheng urges ensuring energy supply, restoring power generation capacity to normal ASAP. #China#coal#energycrunch