HSBC Downgrades XPeng (XPEV) to Hold
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XPeng (XPEV) gains in US on Hang Seng China Enterprises Index Inclusion
February 27, 2023 7:52 AM ESTChinese electric vehicle maker XPeng (NYSE: XPEV) is up 5.24% in pre-market trading on Monday. The leading smart EV company announced on February 18th that they would be included in The Hang Seng TECH Index, a list representing the 30 largest technology companies listed in Hong Kong. The company said that they will be joining... More
BYD says price cuts were part of promotions by some dealers
February 27, 2023 7:27 AM ESTChinese conglomerate and auto maker, BYD Company is down 1.65% today in Chinese markets after reports that the company cut prices on their vehicles. However, the company replied to reports, saying that the price cuts were not its official move, after the matter sparked discussion over the... More
