Li Auto stock broke out Thursday as China mulled extending a tax break on purchases of electric cars. BYD stock neared a buy point. Other China EV stocks also advanced. X EV startups Li Auto (LI), Nio (NIO) and Xpeng (XPEV) aspire to shake Tesla’s (TSLA) dominance in the Chinese market for luxury electric cars. They are also challenging homegrown EV and battery giant BYD (BYDDF). At a high level Chinese government meeting Wednesday, officials suggested extending a policy that exempts… Read More… Source: https://www.investors.com/news/li-auto-stock-breaks-out-on-ev-policy-news-byd-nears-buy-point/