Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
But several electric vehicle (EV) stocks are charging considerably higher today with investors believing that Chinese EV manufacturers might be ready to make a greater push into the market with more-affordable models. investors are pressing the accelerator pedal on shares of Nio (NYSE: NIO) Li Auto (NASDAQ: LI) , and XPeng (NYSE: XPEV) . As of 12:22 p.m. ET on Friday, shares of Nio were up 8.8%, while shares of Li Auto and XPeng were up 6.6% and 10.5%, respectively. Driving in a new direction Speaking with CNBC yesterday, executives at Nio and XPeng both said that they're committed to providing more moderately priced vehicles in 2024. Specifically, CEO William Li of Nio told the cable network that the company will offer an SUV that's less expensive than Tesla 's Model Y. XPeng expects to debut its more economical Mona in the coming months, according to co-president Brian Gu. Nio's comments won't come as a surprise for those who follow the company closely. On the recent four
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News
- China Market Update: Hong Kong Stops To Catch Its Breath [Forbes]Forbes
- Li Auto Inc. to Report First Quarter 2024 Financial Results on May 20, 2024GlobeNewswire
- Why Li Auto Stock Jumped Monday [Yahoo! Finance]Yahoo! Finance
- Steward Health, Nation's Largest Physician-Owned Hospital Operator, Files for Bankruptcy [Yahoo! Finance]Yahoo! Finance
- With Deliveries Picking Up And Budget Brand In The Offing, Is Xpeng Stock Attractive? [Forbes]Forbes
LI
Sec Filings
- 5/7/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/30/24 - Form SC
- LI's page on the SEC website