Why XPeng, Li Auto And Nio Shares Are Moving Today

XPeng Inc. XPEV shares are trading higher on a report suggesting the company received approval to list on Hong Kong Exchange. Shares of NIO Inc. NIO and Li Auto Inc. LI are trading higher in sympathy with XPeng.

XPeng designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The stock was trading about 4% higher at $41.60 on Wednesday at the time of publication. The stock has a 52-week high of $74.49 and a 52-week low of $17.11.

Li Auto designs, develops, manufactures, and sells smart electric sport utility vehicles in China. The stock was trading about 2.4% higher at $29.61. The stock has a 52-week high of $47.70 and a 52-week low of $14.31.

Nio designs, develops, manufactures, and sells smart electric vehicles in Mainland China and several other countries. The stock was trading about 1.5% higher at $44.78. The stock has a 52-week high of $66.99 and a 52-week low of $6.50.