LI - Why Are Chinese EV Stocks NIO XPEV LI on Watch Today?
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Chinese electric vehicle (EV) stocks are a chief concern among investors today as these shares see mixed trading.
Investors continue to watch Chinese stocks like a hawk for signs of improvement, and that includes EV stocks. This comes as the country has continued to ease up on its Zero Covid policy, which previously included strict lockdowns.
The big news today that traders are taking note of is less quarantine time for travelers. Reports claim that China will reduce these quarantine times next month, which is one of the few Zero Covid policies still around.
Just how much of a cut in quarantine time are we talking about? Travelers will allegedly no longer be required to quarantine in hotels. There could also only be three days of observation. For perspective, current quarantines can last as much as eight days.
Let’s check out how Chinese EV stocks are performing today below!
Chinese EV Stocks Moving on Thursday
- Nio (NYSE:NIO) stock starts us off with the Chinese EV company’s shares falling 6.1% as of Thursday afternoon.
- Xpeng (NYSE:XPEV) shares are next on our list with the EV company’s stock dropping 7.7% as of this writing.
- Li Auto (NASDAQ:LI) stock closes out our list of Chinese EV shares on the move with a 4.2% decrease this afternoon.
Investors looking for more of the latest stock market news will want to stick around!
InvestorPlace is home to all of the hottest stock market news for Thursday! Among that is what has shares of ProQR (NASDAQ:PRQR), Mirati Therapeutics (NASDAQ:MRTX), and Nikola (NASDAQ:NKLA) stock moving today. You can find all of that at the following links!
More Thursday Stock Market News
- Why Is ProQR (PRQR) Stock Up 83% Today?
- Why Is Mirati Therapeutics (MRTX) Stock Up Today?
- Former CEO Mark Russell Just Sold Nikola (NKLA) Stock
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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