Shares of Chinese EV stocks are trading lower amid broader China weakness. Recent tariffs and reports of Tesla breaking ground on its Shanghai Megafactory may also be pressuring China EVs.
Portfolio Pulse from Benzinga Newsdesk
Shares of Chinese EV stocks are trading lower due to broader China market weakness, recent tariffs, and Tesla's new Shanghai Megafactory.
May 23, 2024 | 4:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Li Auto shares are trading lower due to broader China market weakness, recent tariffs, and competition from Tesla's new Shanghai Megafactory.
Li Auto is affected by the overall decline in Chinese markets, the impact of tariffs, and increased competition from Tesla's expansion in Shanghai.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NIO shares are trading lower due to broader China market weakness, recent tariffs, and competition from Tesla's new Shanghai Megafactory.
NIO is affected by the overall decline in Chinese markets, the impact of tariffs, and increased competition from Tesla's expansion in Shanghai.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XPeng shares are trading lower due to broader China market weakness, recent tariffs, and competition from Tesla's new Shanghai Megafactory.
XPeng is affected by the overall decline in Chinese markets, the impact of tariffs, and increased competition from Tesla's expansion in Shanghai.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80