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China Ev Stocks

All articles tagged with #china ev stocks

finance1 year ago

"Market Volatility: Earnings Reports, Interest Rates, and Boeing 737 Max Delays Impact Stock Futures"

Stock futures were little changed as investors analyzed quarterly results, with Snap shares dropping over 31% after missing revenue estimates, while Ford gained over 6% on beating estimates and announcing a special dividend. Hong Kong-listed China EV stocks rose after Beijing's plan to boost the sector's growth, while SMIC, China's biggest chipmaker, warned of persistent challenges in 2024. Kakaobank shares jumped as Q4 profit rose and customer base grew, and Australian energy firm Santos was the biggest loser on the ASX after merger talks with Woodside ended. ESPN, Warner Bros. Discovery, and Fox plan to launch a joint sports streaming service later this year.

business2 years ago

China's EV Market Booms with New Models and Sales Records.

Chinese EV startup Li Auto plans to officially shift to all-electric vehicles (BEVs) during the Shanghai Auto Show, while continuing to make extended range EVs (EREVs). Li Auto has been outselling startup peers Nio and XPeng in the RMB 300,000 to RMB 500,000 SUV market. Shares of Li Auto rose 5.5% and Nio jumped nearly 7% on Monday ahead of the auto show. Li Auto's forthcoming BEVs are expected to be priced in the RMB 200,000-$500,000 range.