Tesla beats second-quarter delivery estimates as price cuts pay off

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Go back to Tesla beats second-quarter delivery estimates as price cuts pay off

Chinese EV start-ups surge following June delivery numbers

July 3, 2023 9:03 AM EDT

Shares 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