On the evening of August 26, the three major U.S. stock indices opened slightly lower. As of around 23:00, the Dow Jones was slightly down, while the Nasdaq and S&P 500 were slightly up.

Chinese assets rose, with the Nasdaq Golden Dragon China Index rising over 1% at one point during the opening.

Multiple popular China concept stocks surged.

21st Century Business Herald·Southern Finance Express reporters found that China concept stocks in the new energy vehicle sector rose early in the session. As of around 23:00, NIO was up over 8%, and XPeng Motors was up nearly 7%.

On the news front, Morgan Stanley's latest research report indicated strong orders for the NIO ES8. Although actual demand depends on order conversion, the positive feedback has boosted market confidence, suggesting that the group's monthly sales could reach 40,000 to 50,000 units starting from October.

For XPeng, the new XPeng P7 will officially launch on August 27. The model has achieved high pre-order volumes since pre-sales began.

Atour rose nearly 9% early in the session. On the news front, on August 26, Atour Group released its Q2 2025 financial report, showing revenue of 2.469 billion yuan, a year-on-year increase of 37.4%; adjusted net profit of 427 million yuan, a year-on-year increase of 30.2%; and adjusted EBITDA of 610 million yuan, a year-on-year increase of 37.7%.

Ke Holdings rose over 4% at one point. On the news front, on August 26, Ke Holdings released its Q2 2025 financial results. During the reporting period, Ke Holdings' total transaction volume (GTV) was 878.7 billion yuan, a year-on-year increase of 4.7%; net revenue reached 26 billion yuan, a year-on-year increase of 11.3%; net profit was 1.307 billion yuan, and adjusted net profit was 1.821 billion yuan.

Hesai Technology rose over 10%. On the news front, Hesai Technology plans to submit overseas listing filing materials through its domestic operating entity, Shanghai Hesai Technology Co., Ltd. The company intends to issue no more than 51.2362 million overseas listed ordinary shares and list on the Hong Kong Stock Exchange. Previously, Hesai Technology released unaudited financial data for Q2 2025, showing that Hesai achieved revenue of 710 million yuan, a year-on-year increase of over 50%, and a net profit of 44.1 million yuan, compared to a net loss of 72.1 million yuan in the same period last year.