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Shares of Chinese electric vehicle (EV) maker Li Auto have more than doubled from last year’s low and are tipped for further gains even as a slowing economy and price war hamper its rivals.
The automaker unexpectedly reported profits for the past two quarters by churning out a regular lineup of new models and keeping costs contained. Analysts remain bullish: $Citigroup(C.US$ predicts the firm’s shares will climb another 88 per cent by year...
The automaker unexpectedly reported profits for the past two quarters by churning out a regular lineup of new models and keeping costs contained. Analysts remain bullish: $Citigroup(C.US$ predicts the firm’s shares will climb another 88 per cent by year...
![Li Auto seen winner of China EV race with 107% gain](https://sgsnsimg.moomoo.com/feed_image/103055095/48c583ea2101305fa02d2a58ed342d9f.png/thumb)
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Xpeng shares were down after the company reported earnings that missed expectations and forecast a plunge in car sales.
Xpeng’s revenue in the first quarter plunged 50% year-on-year to 4.03 billion Chinese yuan ($571.6 million).
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
Shares of Chinese electric vehicle firm Xpeng dropped...
Xpeng’s revenue in the first quarter plunged 50% year-on-year to 4.03 billion Chinese yuan ($571.6 million).
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
Shares of Chinese electric vehicle firm Xpeng dropped...
![Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries](https://ussnsimg.moomoo.com/1685005256502-71306997-android-org.png/thumb)
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China zoomed past Japan in 1Q2023 to become the world's top auto exporter. Driving the milestone: a 58% year-on-year surge in China's automobile exports in the Jan-Mar period to 1.07 m units.
The other big reason China is exporting more vehicles than Japan Inc is booming demand for EVs.
China zooms by Japan as world's top auto exporter
$S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $AEM SGD(AWX.SG$ $RH PetroGas(T13.SG$ $Dyna-Mac(NO4.SG$ $Geo Energy Res(RE4.SG$ $Golden Energy(AUE.SG$
The other big reason China is exporting more vehicles than Japan Inc is booming demand for EVs.
China zooms by Japan as world's top auto exporter
$S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $AEM SGD(AWX.SG$ $RH PetroGas(T13.SG$ $Dyna-Mac(NO4.SG$ $Geo Energy Res(RE4.SG$ $Golden Energy(AUE.SG$
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A few businesses in the surrounding area say that I don't have enough traffic; this is clearly nonsense. I won't tell you later, it's always OK, hmm.![]()
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