From InvestorPlace: 2024-04-26 14:09:24

Chinese EV stocks like Nio, XPeng, and Li Auto have seen significant declines due to diminished demand, leading to price cuts and lower margins. However, today these stocks are surging, with XPeng up 11%, Nio up over 9%, and Li Auto up over 7%.

Morgan Stanley analysts have added Nio, XPeng, and Li Auto to their tactical ideas list, foreseeing near-term upside for the group. This short-term call has caught the attention of traders, leading to a rally in these Chinese EV stocks. Analysts believe these stocks have the potential for a nice rally in the next 15 days.



Read more at InvestorPlace: Morgan Stanley Is Doubling Down on Chinese EV Stocks