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Chinese EV Stocks See Gains over 10%

 

September 24, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, including EV stocks reports on trading and news for Chinese based EV stocks.

Li Auto Inc.(Nasdaq: LI) ( HKEX: 2015), a leader in China's new energy vehicle market, is currently trading at $24.64, up $2.44, gaining 10.99% on volume of over 10 Million shares as of this report.

On September 1s Li announced that it delivered 48,122 vehicles in August 2024, an increase of 37.8% year over year. This brought the Company's total deliveries in 2024 to 288,103. As of August 31, 2024, its cumulative deliveries reached 921,467 vehicles.

NIO Inc. (NYSE: NIO) (HKEX: 9866; SGX: NIO), a pioneer and a leading company in the global smart electric vehicle market, is trading at $5.86, spiking 0.54, up 10.15% on volume of over 90 Million shares.

On September 5th NIO announced its unaudited financial results for the second quarter ended June 30, 2024. Vehicle deliveries were 57,373 in the second quarter of 2024, consisting of 32,562 premium smart electric SUVs and 24,811 premium smart electric sedans, representing an increase of 143.9% from the second quarter of 2023, and an increase of 90.9% from the first quarter of 2024.

XPENG ,(NYSE: XPEV)( HKEX: 9868), a leading Chinese AI mobility company that designs, develops, manufactures, and markets Smart EVs is trading at $10.56, up +0.99, gaining 10.41% on volume of over 16 Million shares.

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