CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Nio Rallies as China Extends EV Trade-In Subsidies Through 2026”🚨🚨🚨

Shares of Nio climbed sharply after China announced it will extend its trade-in subsidy program aimed at boosting electric vehicle and low-emission car purchases through 2026. The news provided a notable tailwind for Chinese EV stocks, with Nio rising more than 6% in early Tuesday trading.

The announcement marks a shift in tone from prior signals suggesting Beijing might scale back support for its increasingly mature EV industry. Instead, policymakers appear committed to sustaining demand momentum as economic growth remains uneven and consumer confidence fragile.

Under the extended program, Chinese consumers can receive up to $2,850 for scrapping older vehicles and purchasing a qualifying new-energy vehicle. The initiative is designed to accelerate fleet upgrades, support automakers, and stimulate domestic consumption.

The EV subsidies are part of a broader $8.94 billion stimulus package targeting consumer spending across multiple categories, including home appliances and electronics such as refrigerators, smartphones, and washing machines. Together, the measures underscore China’s renewed push to revive demand while reinforcing its leadership position in electric vehicles.

For Nio and its peers, the policy extension reduces near-term uncertainty around demand and provides a clearer runway into 2026. While competition in China’s EV market remains intense, continued government support could help stabilize volumes and sentiment across the sector.