XPEV - What's Going On With Chinese EV Stocks Nio And XPeng? | Benzinga
Nio, Inc. (NYSE:NIO) and XPeng, Inc. (NYSE:XPEV) shares are trading higher Tuesday amid strength in Chinese EV stocks that may be impacted by the U.S. Treasury Secretary Janet Yellen’s China trip and upcoming inflation data.
The Details:
Treasury Secretary Janet Yellen met with government officials in China to discuss trade policies and industrial practices. Yellen reported that initial talks were productive and both parties agreed to ongoing, intensive discussions on the matter.
Consumer Price Index data for March will be released on Wednesday, and investors are looking for signs of cooling inflation that would allow the Federal Reserve to begin cutting interest rates.
Chinese EV stocks got a boost last week following a report claiming Tesla, Inc. ...