tl;dr
Chinese electric vehicle stocks experienced significant gains on Thursday, building on a strong rally from the previous day. The sector saw renewed investor interest following April delivery reports that exceeded expectations. Notable highlights included a 49% year-over-year increase in April wholes...
Chinese electric vehicle stocks experienced significant gains on Thursday, building on a strong rally from the previous day. The sector saw renewed investor interest following April delivery reports that exceeded expectations. Notable highlights included a 49% year-over-year increase in April wholesale volume reported by BYD Company and a 135% year-over-year jump in deliveries by Nio. Leapmotor also posted strong performance for the month, while Xiaomi indicated robust demand with 88,000 non-refundable orders since the SU7 launch. Bloomberg Intelligence highlighted China's efforts to stimulate consumer spending, potentially signaling further stimulus to promote new-energy vehicles. Lotus Technology surged 19.75% by 11:20 a.m., while XPeng showed a 9.01% rise and Li Auto rallied 7.78%. Nio added 2.95% following a double-digit jump the previous day, and BYD Company pushed 4.78% higher. Analysts have tempered their views on the impact of Tesla's mapping deal with Baidu and Elon Musk's high-profile visit to Beijing. The consensus suggests that Chinese EV makers are not significantly lagging behind in the autonomous driving competition and continue to benefit from the advantage of operating in their home nation. Tesla trickled 0.25% lower on Thursday, trading below the $180 level.
More about Nio Inc Class A ADR
Nio Inc Class A ADR Summary
Nio Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: $10,998,648,000
Dividend Yield: None
Beta (5Y Monthly): -1.72
PE Ratio (TTM): 32.71
EPS (TTM): -0.38
Revenue (TTM): $55,617,933,000
Net Income (TTM): $9.28
Outstanding Shares: 0
Float: 0
Short Float: 6.5%
More about Lotus Technology Inc. American Depositary Shares
Lotus Technology Inc. American Depositary Shares Summary Company: Lotus Technology Inc.
Stock: American Depositary Shares
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Support Levels: None
Resistance Levels: None
Breakout: None
Head and Shoulders Pattern: None
Bullish Trend Indicators: 0
Bearish Trend Indicators: 0
Relative Strength Index (RSI): 0
Moving Averages: None
Bollinger Bands: 0
More about Xpeng Inc
Xpeng Inc Summary
Xpeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company is headquartered in Guangzhou, the People's Republic of China.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Revenue: $7,660,245,000
Net Income: -1.65
EPS: 35.24
EBITDA: -0.338
Market Cap: $30,676,066,000
P/E Ratio: 13.97
Dividend Yield: -0.385
Price/Book: 1.539
More about Li Auto Inc
Company: Li Auto Inc.
Description: Designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. Headquartered in Beijing, China.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Market Cap: 263.89B
Price/Earnings Ratio: 17.18
Dividend Yield: None
Price/Book Ratio: 1.53
Price/Sales Ratio: 125.87
EBITDA: 94.5M
Revenue: 123.85B
Gross Profit Margin: 48.86%
Net Profit Margin: 20.69%
Debt/Equity Ratio: 1.364
More about Tesla Inc
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Company: Tesla Inc
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Total Revenue: $574,024,122,000
Net Income: $46.03
Earnings per Share: $3.91
Market Cap: $947,450,020,000
Stock Price: $178.29
Price/Earnings Ratio: -0.534
Dividend Yield: -0.087
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More about Baidu Inc
Company: Baidu Inc
Description: Baidu, Inc. provides Internet search services primarily in China. The company is headquartered in Beijing, China.
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Market Cap: $37,529,850,000
Current Price: $13.69
Dividend Yield: None
P/E Ratio: 7.62
52-Week Range: $383.61
Price to Sales: 0.151
Revenue: $134,598,001,000
EPS: $157.57
Profit Margin: -0.572
Operating Margin: 0.057
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