Yahoo Finance's Julie Hyman and Brian Sozzi report on Xpeng, Li Auto, and Chinese EV stocks.
XPeng (XPEV) maintains strong momentum with monthly deliveries in January 2022 of 12,922 Smart EVs, representing an increase of 115% Y/Y, demonstrating the Companys solid business
Both Nio and Xpeng have been grappling with the global chip shortage which continues to plague the auto industry.
Cathie Wood-led Ark Investment Management on Monday further raised its exposure in Tesla Inc TSLA and Xpeng Inc XPEV, doubling down efforts in buying shares of the two electric vehicle companies despi
U.S.-listed, Chinese electric vehicle makers Nio and XPeng reported their January sales numbers. Nio NIO, +17.27% said deliveries rose 34% to 9,652 vehicles, while XPeng XPEV, +9.14% said deliveries j
Xpeng Inc (NYSE: XPEV) on Tuesday outshone delivery numbers of close local rivals Nio Inc (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) in January — but all the three U.S. listed Chinese electric vehic
Electric vehicle (EV) stocks are on the rise Monday as several players in the space, including Tesla, see their shares soar higher. The post EV Stocks: What's Driving LCID, XPEV, RIVN, TSLA, RIDE and
U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) is expected to deliver 13,000 units in January, cnEVpost reported on Sunday, citing a local publication. What Happened: The Guangzhou,

Chinese EVs Aren''t Retaining Their Value Like ICE Vehicles

02:00am, Monday, 31'st Jan 2022 Zero Hedge
Chinese EVs Aren''t Retaining Their Value Like ICE Vehicles On one hand, we''ve done nothing but talk about how the price of used cars has skyrocketed as a result of depleted inventory, combined with supply chain and semiconductor woes. But in China, they''re having the opposite discussion when it comes to EVs: the vehicles just can''t seem to hold their value, according to a new writeup by Caixin . The writeup profiled companies like XPeng, who have been forced to buy back older versions of their models from customers who worry about the speed with which EV makers are coming out with new models. "Several" other automakers had to take similar measures over the past few years, the article notes. In fact, a new survey from Geek NEV shows that new cars "sold for 100,000 yuan or less in China hold on to 67.8% on their value on average after their first year, while cars running on the old internal combustion engine retain 74.3% of their value after three years on the road". EVs have trouble holding onto their value because of how unpredictably their batteries degrade and how China''s subsidies for EV have led to higher prices for the vehicles than there ever should have been in the first place.
XPeng Inc. Sponsored ADR (XPEV) closed at $32.15 in the latest trading session, marking a -1.41% move from the prior day.
These seven top Chinese growth stocks are companies investors may want to consider on this recent bear market in China right now. The post 7 Chinese Growth Stocks That May Outperform This Year appeare
News on several fronts had traders in a selling mood on Monday.
Electric vehicle (EV) stocks are on the move today as several top players in the space see their shares fall and we're covering why. The post Electric Vehicle Stocks: Why EV Plays TSLA, NIO, RIVN, LCI
Chinese aluminium alloy casting company Guangdong Hongtu Technology on Monday launched a 6,800-ton integrated die-casting unit that could supply to at least two U.S.-listed Chinese electric vehicle ma
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