Changes in Hong Kong stocks | NIO - SW (09866) rose nearly 4% in the afternoon, strategic investment Changxin Technology and the two sides will cooperate on existing automotive-grade LPDDR4X and other products

The Zhitong Finance App learned that NIO - SW (09866) rose nearly 4% in the afternoon. As of press release, it had risen 3.64% to HK$41.02, with a turnover of HK$77.193 million.

According to the news, on July 15, according to the Securities Times, NIO appeared on the Changxin Technology IPO strategic investment list, promising a subscription amount of 158 million yuan, and a lockdown period of 18 months. According to the disclosed information, NIO is Changxin Technology's DRAM cornerstone strategic partner, and the two sides will develop strategic cooperation on existing automotive-grade LPDDR4X and LPDDR5X products. Also, according to First Financial News, in response to the news that “NIO has become a strategic investor in Changxin Technology,” Li Bin responded that the cooperation is currently progressing smoothly, and that cooperation with Changxin Technology will help stabilize NIO's supply chain stability.