The Nio, Xpeng and Li Auto record high-performance deliveries of legacy car manufactures. As investors reverse their attitudes towards the Chinese challengers of Tesla, we ask if they are well-positioned to retain strong potential growth rates and, more interestedly, what is the stance of the "Tesla of China?"
Electricity producers, like Nio, have benefited from the state's efforts to achieve this goal. The business has been saving the government of Hefei, which is the capital of the Eastern Anhui province of China, $1 billion. Consequently, its shares this year have rocked by 470%.
Tension between China and the US
All three EV producers have now been listed in the USA considering increasing geopolitical tensions between the US and China. However, their bursaries were very unpredictable. Since April Nio shares have recovered, capped by a 22.57% leap on 14 Oct.