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3 Chinese Electric Vehicle Stocks That Beat Sales in Q3 By StockNews

October 11, 2021
Source: technologynewsroom.com technologynewsroom.com
News Snapshot:
© Reuters. 3 Chinese Electric Vehicle Stocks That Beat Sales in Q3 While the global chip shortage continues to impact Chinese EV companies, the industry has immense long-term growth potential. So, popular Chinese EV stocks NIO Inc. (NIO), XPeng Inc. (XPEV), and Li Auto Inc. (LI), which beat their third-quarter vehicle sales estimates, could be worth watching.Despite the semiconductor chip shortage severely affecting the electric vehicle (EV) industry, EV sales of Chinese companies have gotten a boost due to government subsidies and other preferential policies. In addition, the Chinese government would like 20% of new cars sold to be new...
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