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China EV Sales: Tesla Rival BYD Breaks Out After Huge Win Streak; Nio, Li Auto, Xpeng Due

June 28, 2022
Source: thehamdenjournal.com thehamdenjournal.com
News Snapshot:
China EV sales for June and the second quarter are due, after Nio (NIO), Xpeng (XPEV) and Li Auto (LI) signaled a Covid recovery but Wall Street says — not so fast. X BYDDF stock broke out afresh Monday, after a huge sales growth streak for the Tesla archrival. LI stock is also in a buy zone, with China EV startups due to report June and Q2 EV sales Friday. Chinese EV and battery giant BYD (BYDDF) is likely to follow on July 2 or 3, around the same time as Tesla (TSLA) reports global Q2 production and deliveries. On...
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Tags: Alibaba | auto | battery | Beijing | BYD | cash | China | Chinese | Covid-19 | CUP | delivery | electric vehicle | EV | expansion | Guangdong | manufacturing | online shopping | Shanghai | Shenzhen | stock market | stocks | supply chain | Tesla | Xpeng | Yangtze

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