The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers. The stock XPEV, -15.04% was down as much as 17.2% at its intraday low of $9.85, before recovering slightly to close down 15.04% at $10.11. It…
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…
Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla. Below is a screen of stocks of companies involved in the development, production or charging of electric vehicles that analysts believe will soar (or recover) the most over the next 12 months. There are many different ways…
The U.S.-listed shares of Alibaba Group Holding Ltd. were ending a historically strong month on a high note Wednesday, as the China-based e-commerce giant was swept up in the hope that the country will loosen its strict zero-COVID policy. The stock BABA, +9.30% climbed 11.6% in afternoon trading toward an 11-week high. The stock has…
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…
Shares of Nio Inc. rallied Thursday, off a more-than-two-year low in the previous session, after the China-based electric vehicle maker reported third-quarter per-share losses that were more than double what was expected while projecting another deliveries record for the current quarter. The net loss for the quarter to Sept. 30 widened to RMB3.68 billion ($517.1…
Shares of China-based electrical vehicle makers shot higher Tuesday after October deliveries were reported, but glimmers of hope that China will relax the zero-COVID policy that has slowed the country’s economy also helped fuel the rallies. XPeng Inc.’s U.S.-listed stock XPEV, -3.92% jumped 6.3% in premarket trading, after suffering a record monthly loss of 44.6%…
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s economic issues belong in a different box from the rest of the world, owing to Cihna’s self-imposed slowdown via COVID restrictions….
NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, +4.12% gained 4.1% to US$24.77 while its Hong Kong stock 9866, +3.08% rose 4.3% to 196.60 Hong Kong dollars (US$25.05), both new highs. The two listings are…