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Li Auto closed down 4.3 percent to $21.78 on Monday. Its Chinese peer NIO also closed down 2.57 percent to $37.14, and XPeng Motors fell 1.45 percent to $33.99.
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Chinese electric car maker Li Auto announced plans Monday to issue up to $750 million in convertible senior notes due 2028 , its first capital markets financing
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At the close of trading on April 1, Evergrande Auto had a total market capitalization of HK$589.5 billion ($75.8 billion), higher than NIO's $62.2 billion, whic
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Official media skepticism about the industry could be a major reason.
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The investor frenzy over China's new energy vehicle industry is far from over, and Evergrande Auto is a good example.
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At that time, He gave support to NIO despite the opposition of his friends and also invested a total of $300 million in XPeng.
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By Thursday's close, NIO's $46.03 stock price had essentially regained the $46.11 level it opened at on March 2, forming a perfect V-shape.
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In the field of intelligent transportation in China, Baidu's Apollo, released in 2017, is a pioneer and is conducting open-road driverless tests in Beijing, Cha
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The team raised its full-year sales estimate for NIO by 6,000 units to 96,000 units.
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At a time of fragile market sentiment, investors are anticipating good news from the fourth quarter earnings report.
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