NIO Inc. (NIO) September weekly 19 straddle priced for a move of 12%
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Waiting for EV Seasonal Demand; Morgan Stanley Says September is Crunch Time
September 6, 2022 11:25 AM EDT
China's EV market registered steady sales despite power rationing and a fresh round of Covid lockdowns. Entering September, China's weekly EV run rate is hovering at around 120k units. That's up 24% MoM but largely flat WoW after the month-end sales push in August.
Even as Chinas EV numbers track slightly behind the seasonal norm into early September, Morgan Stanley analyst, Tim Hsiao believes that it is still too early to say there's no meaningful seasonality this year.
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