Chinese Concept Stocks | NIO Surges 8.09% on $60 Billion R&D Milestone Announcement

On July 31st, Eastern Time (Thursday), the three major U.S. stock indexes closed down collectively. The S&P 500 fell by 0.37% to 6,339.39 points; the Dow Jones fell by 0.74% to 44,130.98 points; the Nasdaq fell by 0.03% to 21,122.45 points.

On July 30th, the Nasdaq Golden Dragon China Index fell by 1.82%.

Among popular Chinese concept stocks, NIO rose by 8.09%, Alibaba rose by 2.79%, Bilibili rose by 2.42%, Baidu rose by 2.25%, XPeng Motors rose by 0.92%, Pinduoduo rose by 0.47%, JD.com fell by 0.82%, TSMC fell by 0.46%, and NetEase fell by 0.02%.

Among the continuously rising Chinese concept stocks, Dragon Victory International increased by 0.19% over 20 consecutive days, with an overall increase of 0.58%. Pintec Technology increased by 0.11% over 5 consecutive days, with an overall increase of 3.07%. RLX Technology increased by 0.88% over 4 consecutive days, with an overall increase of 2.69%. Qudian increased by 8.31% over 4 consecutive days, with an overall increase of 23.93%. Tiger Technology increased by 2.56% over 4 consecutive days, with an overall increase of 9.46%. BeyondSpring increased by 0.99% over 4 consecutive days, with an overall increase of 6.77%. Ata Creativity increased by 30.59% over 4 consecutive days, with an overall increase of 120.43%.

Among the continuously declining Chinese concept stocks, BIT Mining fell by 2.34% over 11 consecutive days, with an overall decrease of 42.92%. BIT Origin fell by 1.06% over 9 consecutive days, with an overall decrease of 49.87%. SOS fell by 7.33% over 8 consecutive days, with an overall decrease of 69.22%. Li Auto fell by 1.32% over 7 consecutive days, with an overall decrease of 15.37%. JinkoSolar fell by 0.36% over 7 consecutive days, with an overall decrease of 11.46%. Canadian Solar fell by 1.96% over 7 consecutive days, with an overall decrease of 14.64%. Uxin fell by 5.18% over 7 consecutive days, with an overall decrease of 26.89%. Zhihu fell by 0.47% over 7 consecutive days, with an overall decrease of 11.69%.

Li Bin: NIO's Cumulative R&D Investment Exceeds 60 Billion Yuan
On July 31st, NIO Chairman Li Bin stated at the launch event of the Le Tao L90 that NIO has been committed to full-stack positive R&D since its inception. Over the past decade, NIO's cumulative R&D investment has exceeded 60 billion yuan, with more than 18 billion yuan invested in the charging and battery swapping field. Official data shows that NIO has built a nationwide charging and swapping network with a total of 8,131 stations, including 3,430 battery swapping stations and 4,701 charging stations.

Thailand Invites Diplomats for Talks, Proposes Establishment of "ASEAN Military Monitoring Team"
On July 31st local time, a spokesperson for the Thai Army stated that the Thai Army invited defense attachés from ASEAN countries to hold talks. During the meeting, the Thai military reported on the implementation of the ceasefire on the Thai-Cambodian border and proposed the establishment of an "ASEAN Military Monitoring Team." The Thai Army reiterated its commitment to maintaining peace according to international law, avoiding the use of force, and promoting regional stability.