- Tesla (NASDAQ:TSLA) +8.74%, Nio (NYSE:NIO) +7.55%, Li Auto (NASDAQ:LI) +2.55%, Xpeng (NYSE:XPEV) +2.45% and Kandi Technologies (NASDAQ:KNDI) +1.15% are all higher on a positive turn in investor sentiment and with some analysts noting that China auto sales were officially reported to have increased 8.9% in August.
- On the EV front, a micro electric vehicle by General Motors' local Chinese joint venture was the top-selling EV model in China in August at 15K units sold, followed by Tesla with the Model 3 at 11,800 unit sold. Reports out of China indicate improved interest for EVs outside of major cities.
- It's been a volatile few weeks for the group.
- Compare Tesla and Chinese EV stocks side by side.