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$Rivian Automotive (RIVN.US)$ matters as it offers Americans another choice when it comes to an EV maker other than the hugely successful $Tesla (TSLA.US)$. What matters more is perhaps $Rivian Automotive (RIVN.US)$ will be the first to market an electric pick-up truck. With a headstart, an exciting vehicle and fresh capital, will that be enough for the new car company to succeed? The path to its success may not be easy as it is almost unknown and has little time for mistakes. $Rivian Automotive (RIVN.US)$ does not have the same opportunities as $Tesla (TSLA.US)$ to experiment and figure things out without the competition. Even though the contract by $Amazon (AMZN.US)$ would be the main growth catalyst, there are risks involved by depending heavily on a single customer and possible supply chain disruptions that could lead to costly delays. Investors should be prepared to brace themselves for a stomach-churning ride. For now, $Tesla (TSLA.US)$ seems to be a safer bet as its success story is not easy to replicate.
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$BYD Co. (BYDDF.US)$
$Ford Motor (F.US)$
$General Motors (GM.US)$
$Li Auto (LI.US)$
$Lucid Group (LCID.US)$
$NIO Inc (NIO.US)$
$XPeng (XPEV.US)$
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$BYD Co. (BYDDF.US)$
$Ford Motor (F.US)$
$General Motors (GM.US)$
$Li Auto (LI.US)$
$Lucid Group (LCID.US)$
$NIO Inc (NIO.US)$
$XPeng (XPEV.US)$
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$NIO Inc (NIO.US)$ poor delivery performance in October due to lower production is not a "big deal," the Chinese electric vehicle maker’s co-founder and President Qin Lihong said.Lingon said the manufacturing plant has resumed production and that the company is seeing a rise in orders.The executive said Nio’s manufacturing facility in Hefei worked at full capacity for just ten days in October due to a production line revamp and upgrade.As a result, "there were not enough vehicles that could be used for deliveries, which is not a big deal," the Nio preisdent reportedly said.
Nio delivered 3,667 vehicles in October, a drop of 27% year-on-year and 65.5% on a month-on-month basis. Rival $XPeng (XPEV.US)$ delivered 10,138 vehicles in October.
Nio delivered 10,628 vehicles globally in September, a record high for the company that was struggling to register growth in deliveries in the last few months.
The automaker, seen as a rival to $Tesla (TSLA.US)$ is reportedly looking to double production at the Hefei facility to 240,000 vehicles a year after a complete overhaul, which is expected to be completed in the first half of next year.
Nio delivered 3,667 vehicles in October, a drop of 27% year-on-year and 65.5% on a month-on-month basis. Rival $XPeng (XPEV.US)$ delivered 10,138 vehicles in October.
Nio delivered 10,628 vehicles globally in September, a record high for the company that was struggling to register growth in deliveries in the last few months.
The automaker, seen as a rival to $Tesla (TSLA.US)$ is reportedly looking to double production at the Hefei facility to 240,000 vehicles a year after a complete overhaul, which is expected to be completed in the first half of next year.
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$Li Auto (LI.US)$ $Weibo (WB.US)$ $DiDi Global (Delisted) (DIDI.US)$ $Alibaba (BABA.US)$ $Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Sohu (SOHU), Nio (Nio), and Li Auto (LI), Xpeng (XPEV) and BYD Co. (BYDDF).
China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.
But with China's crackdowns on Didi Global (DIDI), for-profit education firms and other sectors, U.S.-listed Chinese stocks have been hammered in recent months, adding to a weak 2021.
Yes American companies are great and I've invested in many and continue to do so (mainly AMZN, NVDA, and CVS). But there are too many companies that are extremely overvalued that I've begun to move much of my money into foreign companies in Europe, Canada, and China mostly through ETFs. Alibaba is the only Chinese stock I own because fundamentally it is so undervalued that I personally find the risk in investing in BABA low and the reward high. Much of the sentiment towards Chinese companies are entirely bias and people fall victim to this bias by letting it cloud their judgement.
China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.
But with China's crackdowns on Didi Global (DIDI), for-profit education firms and other sectors, U.S.-listed Chinese stocks have been hammered in recent months, adding to a weak 2021.
Yes American companies are great and I've invested in many and continue to do so (mainly AMZN, NVDA, and CVS). But there are too many companies that are extremely overvalued that I've begun to move much of my money into foreign companies in Europe, Canada, and China mostly through ETFs. Alibaba is the only Chinese stock I own because fundamentally it is so undervalued that I personally find the risk in investing in BABA low and the reward high. Much of the sentiment towards Chinese companies are entirely bias and people fall victim to this bias by letting it cloud their judgement.
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$Li Auto (LI.US)$ Moon 🚀
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$JD.com (JD.US)$ 🚀🚀🚀
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