XPeng Inc. (XPEV) options active as shares rally 37%

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Deutsche Bank on China EVs: recent rally caused by short squeeze

December 1, 2022 7:51 AM EST

China electric vehicle stocks rallied significantly during US trading on Wednesday, with Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) both trading up around 20%, while XPeng (NYSE: XPEV) saw shares grow as much as 47%. Deutsche Bank analyst, Edison Yu believes that a large part of yesterdays rally was... More