Chinese EV stocks rise after strong December deliveries

Chinese EV stocks rise after strong December deliveries

ByCitiGist

Shares of Chinese electric-vehicle makers rose Tuesday in Hong Kong, led by Li Auto Inc., after strong December delivery data. Li Auto’s shares 2015, +10.48% rose after it posted record-high monthly delivery figures for December last Friday, rounding out 2022 with a 47% increase in deliveries for the year. The car maker said December deliveries…

NIO shares soar in Hong Kong despite earnings miss

NIO shares soar in Hong Kong despite earnings miss

ByCitiGist

NIO Inc. 9866, +15.00% shares soared in Hong Kong, tracking Wall Street gains overnight as slower-than-expected U.S. inflation buoyed markets and helped investors shrug off the Chinese electric-car maker’s earnings miss. Shares rose as much as 19% on Friday and were 13% higher at 79.30 Hong Kong dollars (US$10.11) at midday, on track for one…