From my observation, given NIO's stock characteristics, the sentiment in Hong Kong stocks is generally much higher than that in US stocks. The current ADR conversion price is only up by four points compared to the closing price of Hong Kong stocks, which seems a bit low. It is possible that Hong Kong stocks may open 10 cm higher tomorrow, and could rise another five or six points relative to the current US stock price.

$NIO(NIO.US)$NIO-SW(09866.HK)