Read articles here , here and here.
Are we seeing an overcrowded EV manufacturer in China ? Of the 4, I am blessed to find an opportunity and invest in NIO .
I will monitor both Li Auto and XPEV over the next few months and see how their performance. You can see both NIO and TSLA are reaching a . So, it would need some correction before any trend continuation, if any.
The support for LI Auto is 14.60. There is a possibility that it might goes below that given the sanctions that US is imposing on China. President Trump's trump card is bashing China and you can see together with his team, they are relentlessly finding every opportunity to belittle, humiliate and gathering alliances around to whack China hard.
As a result, we can see over the last few weeks, many stocks like Meituan Dianping, ZA online and Tencent (to name a few ) share prices have fallen quite a fair bit.
So, exercise caution and be a little patient for the dust to settle.
Go take a look at Geely Auto which has been on a tear lately...