XPEV - Why Shares of EV Stocks Nio Li Auto and XPeng Are Racing Higher Today
2024-04-26 14:03:43 ET
Markets seem poised to end the week on a high note with both the S&P 500 and Dow Jones Industrial Average inching up after a rocky trading session yesterday.
But several electric vehicle (EV) stocks are charging considerably higher today with investors believing that Chinese EV manufacturers might be ready to make a greater push into the market with more-affordable models.
investors are pressing the accelerator pedal on shares of Nio (NYSE: NIO) , Li Auto (NASDAQ: LI) , and XPeng (NYSE: XPEV) . As of 12:22 p.m. ET on Friday, shares of Nio were up 8.8%, while shares of Li Auto and XPeng were up 6.6% and 10.5%, respectively.
For further details see:
Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today