XPEV - Chinese EV stocks: Nio upgrade Beijing action helps relax U.S. delisting concerns

Chinese electric vehicle stocks gained after Beijing confirmed plans to revise confidentiality rules in regard to overseas listings. That move could help Chinese companies avoid being delisted in the U.S. There was also some support from Wall Street, where UBS issued a positive breakdown on the Chinese electric vehicle sector on its view that the risk-reward profile is more favorable following the big pullbacks in share prices in 2022. Notably, a consumer survey conducted by the firm revealed that 73% of Chinese consumers are likely to consider buying a battery electric vehicle as their next car vs. 68% in 2021 and ahead of the 49% response seen globally. The UBS read on future EV demand in China still strong. "Despite increasing investor concern on the backlash to electrification from raw material price inflation, we expect China EV penetration to rise from 16% in 2021 to 25% in 2022 in passenger cars,

For further details see:

Chinese EV stocks: Nio upgrade, Beijing action helps relax U.S. delisting concerns