US Movers & Shakers Jul 1-5, 2024
Here are the top 10 gainers and losers of the week.
Chinese EV Stocks Charged up This Week as Investors Welcome Upbeat Sales, Industry Progress
Express News | Shares of Chinese EV Stocks Closed Lower After the EU Reported Raised Tariffs
Express News | Benzinga Market Summary: Mixed Jobs Data, Tesla Continues Higher, Chinese EV Stocks Fall
Nio's Stock Hit Hard as E.U. to Charge China-based EV Makers Sharply Higher Duties
By Tomi Kilgore The electric-vehicle company's selloff snaps a 3-day win streak in which shares soared more than 17% Shares of electric-vehicle maker Nio Inc. pulled back sharply Friday in the wake
Correction to Chinese Automaker ADRs Fall Article
New European Union import fees against Chinese-made electric vehicles began Friday and will last at least four months. "Chinese Automaker ADRs Fall Following Tariffs by EU," at 11:17 a.m. ET, incorrec
Li Auto, XPeng, Nio Stocks Fall After EU Imposes Provisional Duties
Li Auto (LI) and other China electric vehicle stocks were down in late Friday morning trading after the European Commission imposed provisional countervailing duties on Chinese imports of battery elec
Electric vehicle sales increased by 30% last month, and the bullish trend of electric vehicle stocks continued.
Since the beginning of this week, the new energy vehicle sector has been on the rise. After the report on new energy passenger vehicles was released yesterday, this sector widened its gains. As of this year, the cumulative retail sales of passenger vehicles were 9.828 million units, an increase of 3% year-on-year, while the cumulative retail sales of new energy passenger vehicles were 4.119 million units from the beginning of the year to now, an increase of 33%. Preliminary statistics from the China Passenger Car Association showed that retail sales of passenger cars on the mainland in June were 1.755 million units, a decrease of 8% year-on-year, but an increase of 2% month-on-month. The retail sales in June were 0.864 million units, an increase of 30% year-on-year and 6% month-on-month. However, when considering only new energy passenger cars, there were a total of 单计新能源乘用车,6月
Li Auto Inc will fully push the NOA without images in July, and release the end-to-end + VLM new autonomous driving technology architecture.
- The graphic-free NOA that can be driven throughout the country will be pushed to all li auto inc AD Max users within July. - Fully automatic AES and all-round low-speed AEB will be pushed within July. - A new autonomous driving technology architecture based on end-to-end model, VLM visual language model, and world model will be released. - Early bird plan for end-to-end + VLM will be launched. On July 5, 2024, li auto inc announced at the 2024 Intelligent Driving Summer Conference that the graphic-free NOA that can be driven throughout the country will be pushed to all AD Max users within July, and fully automatic AES and all-round low-speed AEB will also be pushed within July.
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | Li Auto Slips 2.8%, JD.com Falls 2.1%, NIO Down 9%, Xpeng Down 9.6%
Express News | PDD Holdings Down 1.5%, NetEase Down 2.8%, Baidu Down 1.7%
Express News | U.S.-Listed Shares of Chinese Companies Fall as China Stocks Close at 4-1/2 Month Low
EU Imposes Provisional Duties on Chinese Electric Vehicle Imports Amid Subsidy Concerns
The European Commission said on Friday that it has imposed provisional countervailing duties on Chinese imports of battery electric vehicles. The commission concluded after an investigation that the b
The Zacks Analyst Blog Highlights Tesla, Rivian, NIO, Li Auto and XPeng
Express News | Li Auto Down 2.1%, Xpeng Down 5.3%
Express News | NetEase Down 2.6%, Baidu Down 1.3%
Express News | Alibaba Group Down 1%, JD.com Down 1.9%, PDD Holdings Down 1.4%
Express News | U.S.-Listed Shares of Chinese Companies Fall Premarket as China Stocks Close at 4-1/2 Month Low
Investors should pay attention to whether the new orders of NIO Inc. (09866) and BYD Company (01211) in July can continue to increase month-on-month, according to CMB International.
Zhixing Finance and Economics app has learned that CMB International released a research report stating that in June, the leading indicators of the top six new energy auto brands diverged. The main indicators for Nio-SW (09866) and BYD Company Limited (01211) rose month-on-month, while Tesla and Li Auto Inc. declined. Xpeng and Aiways' leading indicators remain sluggish. The bank predicts that overall new energy auto retail sales in July will decline month-on-month. In July, the bank believes that investors should pay attention to whether Nio and BYD's new orders can continue to grow month-on-month, especially Nio's order conversion rate. In addition, the listing of Mona M03 is also expected to become a focus of Xpeng's stock.