Summary: Most popular Chinese concept stocks have declined, with NIO falling over 5%. Recently, data from the China Passenger Car Association shows that, based on preliminary monthly data, the wholesale sales volume of new energy passenger cars by manufacturers nationwide in October was 1.4 million units, representing a year-on-year increase of 58% and a month-on-month increase of 14%. In terms of domestic retail forecasts, the penetration rate of new energy in October continued to exceed 50%.
