EV stocks soared in Tuesday morning trading.Tesla up 10%,NIO up 12%,Xpeng up 16%,Li Auto up 14%.
The China-based electric vehicle makers are all planning to list in Hong Kong as soon as this year, according to people with direct knowledge of the matter who spoke to Reuters. All three are already listed on U.S. exchanges, with Hong Kong listings potentially raising a combined $5 billion.
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