Why Are Chinese EV Stocks NIO, XPEV, LI Up Today?
-Deliveries rose for Chinese electric vehicle makers Li Auto , XPeng and Nio .
-The growth of luxury names spells trouble for Tesla .
-Competition is growing, and the mid-market is waiting.
-The growth of luxury names spells trouble for Tesla .
-Competition is growing, and the mid-market is waiting.
Shares in Chinese electric vehicle (EV) stocks traded in New York rose after posting their fourth-quarter and December delivery figures. Xpeng led the way with gains of 9% in pre-market trading, while Nio and Li Auto rose 6%.
Li Auto led the way in sales, delivering 21,233 cars during December. Nio delivered 15,815 and Xpeng 11,292. Together, the three delivered 48,340 cars during the month, their highest total ever.
The numbers show growing problems for Tesla in a market it long dominated. Tesla delivered about 405,000 cars worldwide during the fourth quarter.
Why Are Chinese EV Stocks NIO, XPEV, LI Up Today?![]()
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Li Auto led the way in sales, delivering 21,233 cars during December. Nio delivered 15,815 and Xpeng 11,292. Together, the three delivered 48,340 cars during the month, their highest total ever.
The numbers show growing problems for Tesla in a market it long dominated. Tesla delivered about 405,000 cars worldwide during the fourth quarter.
Why Are Chinese EV Stocks NIO, XPEV, LI Up Today?
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