Tesla set to report record quarterly vehicle deliveries, fueled by incentives
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Chinese EV start-ups surge following June delivery numbers
July 3, 2023 9:03 AM EDTShares of Chinese electric vehicle makers Nio (NYSE: NIO), Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) are surging pre-market after the three announced June delivery numbers.
NIO is up 4.2% in pre-market trading Monday after the Chinese automaker announced over the weekend that they delivered 10,707 last month, a 17.4% drop from the same time last year, but a significant 74% increase from numbers reported... More
XPeng (XPEV) climbs after G6 priced below Tesla (TSLA) Model Y
June 30, 2023 1:12 PM EDTShares of Xpeng Inc. (NYSE: XPEV) are up nearly 14% and counting on Friday after the Chinese electric automaker revealed the starting price for the companys new G6 smart SUV is about 20% below the cost of Teslas (NASDAQ: TSLA) Model Y in the country.
The pricing comes at a time when EV giant Tesla's sales China... More
