On Oct 13, NIO-SW fell 3.17% in regular trading, trading at HK$26.24, with Turnover of HK$12.0265 million.

The decline was driven by a policy catalyst: the Ministry of Finance and the State Taxation Administration announced on Oct 12 that the VAT export rebate rate for new energy vehicles would be reduced from 13% to 9%, effective April 1, 2027. The policy includes a roughly six-month buffer period before implementation.

Industry analysts noted the 4-percentage-point cut will raise export costs, with profit per vehicle narrowing by about 4 percentage points, particularly pressuring low-margin models. While the overall export growth trend is expected to remain intact, the adjustment is seen as accelerating industry consolidation and encouraging local manufacturing overseas. The broader new energy vehicle sector underperformed, with XPENG-W down 4.16%, LI AUTO-W down 2.09%, and BYD Company down 1.82%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)