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Should you invest in the Chinese electric vehicle sector?
By Beansprout  •  November 11, 2024
Chinese electric vehicle (EV) stocks have rebounded on new economic stimulus. Discover key reasons to watch the EV industry and learn ways to gain exposure to this growing market This post was created in partnership with Nikko Asset Management Asia Limited. All views and opinions expressed in this article are Beansprout's objective and professional opinions.  What happened?  Chinese electric vehicle (EV) stocks have seen a rebound recently, driven by new stimulus measures aimed at boosting the economy. During the week-long National Day holiday, EV sales in China surged, with the marketing director for General Motors’ joint venture with SAIC Motor and Wuling Motors calling it the “best Golden Week in many years.” This uptick in sales has lifted sentiment towards Chinese EV stocks. Take Nio, for example—its share price more than doubled in one month, reaching close to US$7.40, before easing to US$5.22 as of 22 October 2024. Even so, it remains well above its 52-week low of US$3.61....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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