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Why Chinese EV Stocks Are Trading Higher Today

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Why Chinese EV Stocks Are Trading Higher Today

A number of electric vehicle shares are trading higher Tuesday following a Barron's article suggesting Nio may be "coming to America."

Nio Inc - ADR (NYSE: NIO) operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6.

Nio shares were up 6.04% at $62.64 at the time of publication. The stock has a 52-week high of $66.99 and a 52-week low of $2.11.

Li Auto Inc. (NASDAQ: LI) designs, develops, manufactures, and sells smart electric SUVs. The company's Li ONE, is a six-seat, large electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions.

Li Auto shares were up 5.88% at $32.14. The stock has a 52-week high of $47.70 and a 52-week low of $14.31.

Xpeng Inc - ADR (NYSE: XPEV) is a Smart Electric Vehicle company designing, developing, manufacturing and marketing smart electric vehicles in China. The company manufactures vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). It targets the mid- to high-end segment in China's passenger vehicle market.

Xpeng shares were up 2.52% at $48.81 at the time of publication. The stock has a 52-week high of $74.49 and a 52-week low of $17.11.

Meanwhile, Blink Charging (NASDAQ: BLNK) announced an agreement with the City of San Antonio to make Blink the provider of EV charging equipment for the city's EVSA program.

Blink Charging is an owner, operator, and provider of electric vehicle charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.

Blink Charging shares were trading up 13.30% at $59.03. The stock has a 52-week high of $64.50 and a 52-week low of $1.25.

 

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