The Digital Source For China's Tech Innovation Since 2000

Search
Close

Tesla, other EV stocks rally after China signals support for its auto industry

July 8, 2022
Source: thehamdenjournal.com thehamdenjournal.com
News Snapshot:
Shares of Tesla Inc. and Nio Inc. led the way Thursday among auto makers and related stocks after China unveiled plans to support its auto industry, including signaling it may extend tax incentives for electric vehicles. American depositary shares of Chinese EV maker Nio NIO, rallied 8%, while the ADRs of smaller competitors Li Auto Inc. LI, and XPeng Inc. XPEV, rose 1.5% and 5%, respectively. Tesla TSLA, shares advanced 4%. Other top gainers included shares of EV charging company EVGo Inc. EVGO, which jumped nearly 12%. Shares of startup Faraday Future Intelligent Electric Inc. FFIE, which has promised to...
Go To Original Source →
Tags: American depositary shares | auto | charging | China | Chinese | Economy | electric vehicle | EV | Faraday Future | IT | LED | NIO | production | sales | shares | startup | stock | stocks | tax | Tesla | Xpeng

Other Related News:

Dress-Up RPG Has A Loophole That Gives Disney Princesses Guns

March 28, 2023

Bitcoin is surging amid banking crisis, but the reason is not what crypto bros think

March 28, 2023

BHP to team with major Chinese steelmaker in carbon capture pilot project

March 28, 2023

Triple threat of trade and the outlook for rest of year

March 28, 2023

EV sales now expected to account for 55% of total global vehicle sales by 2030

March 27, 2023

‘A change is coming’-Xi’s parting message to Putin means anything but peace in Ukraine

March 27, 2023

China pushes domestic firms to expand in global supply chain integration

March 27, 2023

China says U.S. presumption of guilt against TikTok is baseless

March 27, 2023

China's Baidu scraps public launch for ChatGPT-like product

March 27, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter