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-0.00510930563698802 -0.00829215177150511 0.00862718820671749 0.0115587570148254 -0.00745456068347433 -0.0431359410335873 -0.030302370382779 -0.014322807605327
Stock impact report

Why Did Li Auto And Xpeng Stock Tank On Wednesday? [Forbes]

XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) 
Company Research Source: Forbes
BRAZIL - 2020/09/05: In this photo illustration the Xpeng logo seen displayed on a smartphone.... [+](Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)The stock prices of major U.S. listed EV players including Li Auto (NASDAQ: LI) and Xpeng (NYSE: XPEV) declined sharply on Wednesday. The sell-off was likely driven by China’s top economic planning body’s decision to investigate the investments and land use of Evergrande Auto which is seen as a key player in the Chinese EV market.1See our analysisNio, Xpeng & Li Auto: How Do Chinese EV Stocks Compare?[11/24/2020] Xpeng’s Autonomous Driving Unveil Drives StockXpeng (NYSE: XPEV) stock jumped 34% in Monday’s trading after it unveiled its next-generation autonomous driving architecture that will feature in its 2021 production models.GOOGWhile the 34% jump in the stock price appears overdone, given that we don’t yet know the effectiveness of the system or the incremental costs that the new sensors will add, inve Show less Read more
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