Chinese EV stocks NIO, Li Auto, XPeng rose as they reported strong June delivery data

From Benzinga: 2024-07-01 08:49:53

Chinese EV stocks NIO, Li Auto, and XPeng rose as they reported June delivery data. NIO delivered 21,209 vehicles, with a 98.1% Y/Y growth, totaling 57,373 in Q2. Li Auto delivered 47,774 vehicles in June, up 46.7% Y/Y, reaching cumulative deliveries of 822,345. XPeng delivered 10,668 Smart EVs in June, up 24% Y/Y. The EV industry faces a price war amid weakening global demand. As of Monday, NIO shares were up 4.33%, LI up 3.02%, and XPEV up 1.36%.



Read more at Benzinga: What’s Going On With Chinese EV Stocks NIO, Li Auto, XPeng On Monday? – XPeng (NYSE:XPEV), NIO (NYSE:NIO), Li Auto (NASDAQ:LI)