finance1 year ago
"Wall Street Buzz: General Electric Stock Soars on J.P. Morgan Upgrade"
General Electric receives an upgrade from Deutsche Bank, while the bank also names a top Chinese electric vehicle pick, impacting the stock market.
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Chinese Ev
All articles tagged with #chinese ev
"Li Auto's Record Profits Propel Stock to New Heights"
Li Auto's stock surged after the Chinese EV company reported its first-ever annual net profit and nearly tripled its vehicle deliveries year-over-year, with 131,805 vehicles delivered in the quarter. The company also saw a significant increase in gross profit and maintained a 22.7% margin per vehicle during the fourth quarter of 2023.
"Chinese EV Sales in Europe Delayed Due to Ship Shortage"
A shortage of shipping capacity is causing delays in the delivery of Chinese electric vehicles to Europe, hindering sales in the region. The supply chain disruption is impacting the ability of Chinese EV manufacturers to meet demand in the European market, highlighting the challenges posed by the global shipping crisis.
Xpeng CEO's net worth drops 75% to $1.4B due to price wars.
He Xiaopeng, CEO of Chinese EV maker Xpeng, has seen his wealth plummet 75% to $1.4 billion due to intense competition in the Chinese EV market, triggered by a price war initiated by Tesla. Xpeng's shares have also dropped nearly 20% this year, with disappointing Q1 earnings. Despite this, Xpeng plans to expand aggressively in Europe and eventually ship half its vehicles outside China.