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Tesla Stock Pops as Quarterly Vehicle Deliveries Beat Wall Street Estimates
Nio, XPeng And Li Auto Lifted The EV Market's Spirits With Their June Deliveries
On Monday, Nio Inc (NYSE:NIO) , XPeng Inc (NYSE:XPEV) and Li Auto (NASDAQ:LI) shared their EV delivery figures for June. Moreover, Nio reported its second straight month of record deliveries. The good
Correction to Chinese EV Sales Article
Warren Buffett-backed BYD, NIO, Leapmotor and Geely-backed Zeekr all posted sales volume records during the month, while Li Auto recovered from lackluster numbers early in the year with a 47% on-year
Chinese EV Sales Rallied in June on Policy, Price Cuts
By Jiahui Huang Chinese electric vehicle makers had robust sales in June, helped by government subsidies, tax breaks and steep discounts that brought buyers back into showrooms after a sluggish start
Hong Kong's market overview on the 2nd: Hang Seng rose 0.3% and continued to rise, while Ideal Auto increased by 5.0%.
On the second day of the market closure, the Hong Kong market, which consists of the main 82 stocks, saw the Hang Seng Index, consisting of the Hong Kong index ETF, rise by 50.53 points (0.29%) to 17,769.14 points from the previous business day, while the China mainland stock index (formerly the H share index), consisting of mainland Chinese company stocks, rose by 43.05 points (0.68%) to 6,374.91 points. The trading volume has slightly expanded to HKD 118.4342 billion (HKD 98.887 billion on June 28). The trend is supported by expectations of a rebound in the Chinese economy.
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Liontown, LG Energy Consider Lithium Refinery That Could Help Feed U.S. Battery Demand Liontown is developing one of the world's largest and highest-grade hard rock deposits of lithium. Shell Pauses