US Stock Market Move | Chinese electric vehicle stocks rise, NIO Inc. Sponsored ADR Class A (NIO.US) up over 2.6%.

On Tuesday, Chinese new energy vehicle stocks rose. As of the deadline, Li Auto, Inc. Sponsored ADR Class A (LI.US) rose by 0.75%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose by over 2%, and NIO Inc. Sponsored ADR Class A (NIO.US) rose by over 2.6%. In terms of news, the intelligent driving research and development department of NIO Inc. Sponsored ADR Class A recently announced an important organizational restructuring plan in order to launch a brand-new end-to-end intelligent driving solution in the first quarter of next year. The news states that the core content of this adjustment includes the establishment of a technology committee, which will be responsible for integrating major capabilities and providing comprehensive technical support for intelligent driving research and development.