Benzinga
The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto
Chinese electric vehicle stocks have seen some moderation in momentum in recent sessions. One upcoming catalyst could lift the stocks out of this lackluster phase: the January delivery numbers that are due next week. Finding The Sweet Spot In China’s EV Market: China is a hot EV market, both from the perspective of the addressable market opportunity and supply. “China is a greenfield EV market opportunity for many well positioned auto players as we believe overall EV sales can potentially double in the region over the next few years given the pent-up demand for EV vehicles from customers across all price points,” Wedbush analyst Daniel Ives said in a note. Goldman Sachs analyst Fei Feng estimates EV…
Source link
