Why EV Stocks slipped on Tuesday

Tiger Newspress2021-03-23

EV Stocks are slipping in Tuesday morning trading.The shares of Li Auto fell more than 3%,Xpeng Motors and NIO stock are down more than 1%.

On Tuesday, China's Ministry of industry and information technology released two catalogues of new energy vehicles that previously enjoyed preferential tax treatment, among which Li Auto, Nio,Xpeng and BYD all had models on the list.

In this regard, Li Auto said that the model ideal one was no longer on sale, so it was automatically withdrawn by the Ministry of industry and information technology one year after the declaration.

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精彩评论

Guavaxf30
2021-03-25
Guavaxf30
EV stocks are down mainly because of production issues. The chips needed are in shortsupply, made worst by the fire in one of the largest ship factory plant in Japan. This gives ammunition to shortsellers to nake a move. That is how the shortsellers thrive.Also, VW is launching their EV brand. And they will be a major competitor, not just to the small EV’s but Tesla even. But all this is saying is EV is still the future. And those well-runned EV companies will see big growth. Have to be patient and not effected by short term actions. Always stay vested for long runs.
Benstonk
2021-03-24
Benstonk
Why?
Freeman99
2021-03-24
Freeman99
Market adjustment...
rayydream
2021-03-24
rayydream
Sad
MichaelBlade
2021-03-24
MichaelBlade
How?
Khay
2021-03-24
Khay
I thot the announcement is supposed to be good, then why the slip?

发表看法

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