NIO, BYD, BABA, JD & XPeng Show Strong Bullish Trends

BrianTycangco鄭彥渊
10-29

1. $NIO-SW(09866)$

The company is a bit behind on its goal of 1,000 new stations this year, as NIO looks to make more battery swapping stations available to its ONVO customers. Nio exceeds 2,600 swap stations in China

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2. $BYD COMPANY(01211)$

BYD's hybrid pickup Shark6 is going to shake up the utility vehicle market where it enters. I've seen reviews of this dual-electric motor pickup with the same gas engine as the Sealion 6. They are ALL positive and stand to resonate very well with the off-roading community.

3. $BABA-W(09988)$

BABA short turnover narrowed from 20% by midday to just 15% as of the close. Some short-covering towards the end most likely given the bullish chart pattern.

4. $JD-SW(09618)$

JD has one of the best-looking technical breakout charts out there. Can the fundamentals follow through? 3Q24 results are out in less than three weeks!

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5. $XPENG-W(09868)$

Xpeng outperforms overall CN EV sector today after the company breaks ground on its Aeroht flying car manufacturing facility capable of producing 10k units per year. Upward mobility for the upper middle class at just $280k per unit. Deliveries start 2026.

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