Chinese Concept Stocks | NIO Gains Amid Mixed Performances for Chinese Stocks on Nasdaq

On August 1st (Friday), Eastern Standard Time, all three major U.S. stock indices fell by more than 1%. The S&P 500 index dropped by 1.60% to 6238.01 points; the Dow Jones index fell by 1.23% to 43588.58 points; and the Nasdaq index decreased by 2.24% to 20650.13 points.

On August 1st, the Nasdaq Golden Dragon China Index fell by 1.82%.

Regarding popular Chinese concept stocks, NIO rose by 2.88%, Bilibili fell by 4.08%, Pinduoduo decreased by 2.99%, Alibaba declined by 2.94%, TSMC dropped by 2.66%, NetEase fell by 2.30%, Baidu decreased by 1.98%, JD.com fell by 1.84%, and XPeng Motors decreased by 0.85%.

In terms of Chinese concept stocks with consecutive rises, Eureka Acquisition increased by 0.57% over 7 consecutive days, with an overall increase of 0.76% during this period. Tiger Tech rose by 2.25% over 5 consecutive days, gaining 11.92% during this period. WanChun Pharma increased by 0.98% over 5 days, with a total rise of 7.81%. X3 Holdings saw a rise of 9.95% over 4 consecutive days, with an overall increase of 20.00%. Stellar Fashion increased by 0.95% over 4 consecutive days, with a total gain of 17.13%. Lixiang Education rose by 35.85% over 4 days, with an overall increase of 136.07%. Haitian Network increased by 3.12% over 4 consecutive days, with a total rise of 10.75%.

Regarding Chinese concept stocks with consecutive declines, Bit Mining decreased by 2.40% over 12 consecutive days, with an overall decline of 44.29% during this period. Bit Origin fell by 13.43% over 10 consecutive days, with a total drop of 56.60%. SOS Limited decreased by 2.37% over 9 consecutive days, with an overall decline of 69.95%. Li Auto fell by 3.30% over 8 days, with a total drop of 18.16%. JinkoSolar decreased by 1.91% over 8 consecutive days, with a total decline of 13.16%. Canadian Solar fell by 1.48% over 8 days, with an overall drop of 15.90%. Zhihu decreased by 1.65% over 8 consecutive days, with a total decline of 13.15%.

NIO: Delivered a total of 21,017 vehicles in July, a month-on-month decrease of 16%
NIO announced that it delivered a total of 21,017 vehicles in July, a month-on-month decrease of 16%.

Collision Test Misleading the Public? Li Auto Responds: Based on Real Traffic Scenario Simulation
The collision test video between Li Auto's i8 and Chenglong Truck sparked controversy. On the evening of July 31, Dongfeng Liuzhou Motor Co., Ltd. issued a statement claiming that the collision test misled the public, significantly differing from actual scenarios, and reserved the right to pursue legal action. On August 1, Li Auto responded that the super experiment simulating the collision between the i8 and the truck was based on real traffic scenarios encountered by users. The test site, equipment, and randomly purchased test truck were all provided by a third-party testing organization.

Li Auto: Delivered 30,731 vehicles in July
Li Auto announced that it delivered 30,731 new vehicles in July 2025. As of July 31, 2025, Li Auto's cumulative historical deliveries amounted to 1.3685 million vehicles.

Li Auto: Opened 19 new stores in July
Li Auto announced that it opened 19 new stores in July 2025. As of July 31, there are 535 retail centers, 158 delivery centers, and 528 service centers (including authorized body and paint shops) nationwide, covering 233 cities.

NIO Chairman Li Bin: The Ultimate Technical Path for Electric Vehicles is Pure Electric
On August 1, during a media meeting at L90, NIO Chairman Li Bin stated that from the perspective of the overall automotive industry development, the ultimate technical path for electric vehicles is pure electric, which is undisputed. Li Bin acknowledged that since 2022, the sales performance of range-extended and plug-in hybrid vehicles has indeed been very good. However, he emphasized that both range-extended and plug-in hybrid vehicles are transitional products in the overall development of new energy vehicles.

Li Bin: The All-New NIO ES8 to Hold a Technology Launch Event in Late August and Start Pre-Sales
On August 1, during a face-to-face meeting at L90, NIO Chairman Li Bin revealed that the all-new NIO ES8 will hold a technology launch event in late August and start pre-sales, with the Nio Day event planned for September when the new ES8 will officially launch and be delivered. The new ES8 exhibit vehicles will arrive in stores in late August. The new generation NIO ES8 is regarded as a strategic product, having completed its application earlier, and is built on the NT3.0 platform.

Taobao Ele.me: Firmly Opposing Malicious Competition and Collaborating to Promote Ecological Win-Win
On August 1, Taobao and Ele.me jointly released a statement, expressing firm opposition to malicious competition and collaboration to promote ecological win-win, committing to focus on the following four key areas: First, starting from consumer and merchant needs, reasonably planning subsidy distribution. Second, firmly opposing malicious competition. We will proactively eliminate unfair competition practices, stimulate the consumption potential of emerging markets, and enhance industry-wide innovation vitality, avoiding large-scale "zero-dollar purchases" and other irrational promotional activities. Third, continuously improving service quality. We will continue to provide diverse consumption scenarios and richer categories, constantly upgrading network efficiency in the distribution system. Fourth, collaboration to promote ecological win-win. Focusing on core topics such as merchant participation, product quality, and rider rights, we have established a "listen-consult-optimize-feedback" system with multiple consultative meetings being held across various locations.

XPeng Motors: Delivered 36,717 intelligent electric vehicles in July, a year-on-year increase of 229%
XPeng Motors delivered 36,717 intelligent electric vehicles in July, marking a year-on-year increase of 229%.