$XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ received shots in their arms after posting upbeat August vehicle delivery numbers last Friday, lifting the stock prices of the Chinese electric vehicle duo, while their local peer $Li Auto(LI)$ has risen in chorus as well.
The EV industry has heaved a deep sign of relief that EV buyers have not held back their purchases despite concerns over lagging recovery of the Chinese economy and consumer demands.
Hopefully, there will be spillover effects on the global EV market, benefiting the likes of $Faraday Future Intelligent Electric Inc.(FFIE)$ and $Rivian Automotive, Inc.(RIVN)$ Bullish, whose prospects have lately been dampened by a looming recession, although the long-term global transition to EV remains intact with growing global awareness of climate change and increasing tightening of emissions standards.
With latest US inflation data continuing to show cooling prices and signs of some easing of tight labor market emerge as unemployment rises, hopes are rising that the Fed will pause its rate hike.
Rising interest rates have increased the borrowing costs of EV startups and their valuations. Hence, hopefully a pause in rate hikes will return market optimism on EV stocks.
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Comments
The future is now RIVN will be the global ev leader so fortunate to have the foresight and opportunity to be a part of it and not be shorting this monster. Congrats longs. This stock will be over $200 in the next 5-7 years maybe sooner.
There is a serious lag between what NIO is doing, and what the stock price is. NIO was around $10-$11 a share when they were delivering around 10,000 a month. Now that they are delivering around 20,000 a month, don’t you think that they should be selling around $20 a share??
Team LI, let’s get LI going by spreading the word. This baby is profitable and spitting out 30k cars monthly…let’s all make money. It’s about time…markets has been in a downward spiral for the past two years …
Rivian与纳斯达克脱节；当趋势上升时，趋势就上升！不管纳斯达克是红色的，Rivian将继续推高。在第三季度生产数据公布之前，将再次看到28个。
蔚来需要在他们的电动汽车上实现“零融资”，这将推动销量大幅上升，即使只有3个月！现在一切都是为了高端市场的份额！这就是你如何主宰一切！特别是现在在中国，顺便说一句，目前在中国的比率是2.5%