
Rate Of Return$NIO Inc(NIO.US) Auto stocks in Hong Kong surged across the board after China's industry regulator said it will speed up the drafting and release of a 15th Five-Year Plan for the smart, connected new energy vehicle (NEV) industry. China will accelerate breakthroughs in a batch of key core technologies, speed up the development of major standards, their international coordination and implementation, and further advance pilot programs for "vehicle-road-cloud integration" applications, production access and road use. The penetration rate of passenger vehicles with Level 2 combined driving assistance has reached 70.5%, and that of vehicles with navigation-on-autopilot (NOA) features has reached 34.2%. Regions across China have issued more than 20,000 test and demonstration license plates for smart, connected vehicles, opened more than 57,000 kilometers of roads for testing and demonstration, and logged over 220 million kilometers of cumulative test mileage. This is great news for the EV auto industry as the society progresses into next generation vehicles. This is also why I'm bullish in the years to come for Nio. @Captain's Treasure
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