NIO

Moving with its evs & autos peers

• NIO +1.03% on the last session vs SPY −0.06%: +1.1 pts of stock-specific move.
• EVs & autos basket +0.9% (+0.9 pts vs SPY; LCID +3.9%, TSLA -1.8%, F +1.6%, GM +0.7%): the stock moved with its peers.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.