To The Moon

Chinese electric automaker, Nio Inc. launched their high-end smartphone Thursday, highlighting the advanced state of EV technologies in the world's biggest auto market.The new phone is designed to be used with its electric vehicles, boasting a surplus of related functions such as using the phone to instruct the car to park itself.Chief Executive William Li said the Nio Phone had more than 30 car-specific functions, including the ability to notify their car to drive itself to their location ."I believe many of our competitors will learn from our smartphone innovations and I welcome them to do so," Li said in a statement.There are three models available, with prices ranging from 6,499 to 7,499 yuan . Initially, the phone will only be available for purchase in China, and deliveries are set to commence on September 28th.Shares of NIO are down 3.51% in pre-market trading Thursday morning.By Michael Elkins | [emailprotected]

Hot chinese concept stocks surged in premarket trading.Alibaba,Pinduoduo,JD.com,Baidu,NIO,Didi Global and Bilibili climbed between 2% and 8%.Chinese technology stocks rallied for a second day, as sentiment was boosted by Tencent Holdings Ltd.’s stock buyback and as Cathie Wood bought back into JD.com after a strong set of results.The Hang Seng Tech Index extended its advance to as much as 7.1%, adding to a gain of more than 2% on Monday, after a five-week rout that took the gauge to the lowest l

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