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Stockholders in Electric Vehicles May Take a Break on Friday.

Originally published on Best Stocks

Fonte: Getty Images


After a slowdown caused by Covid-19, China’s production and demand for electric cars picked up in June. At NIO, Li Auto, and the XPeng XPEV (all of which trade on the New York Stock Exchange), June deliveries were robust. In the third quarter of 2022, Chinese electric car producers’ stock prices are expected to rise. There is a chance that Tesla’s TSLA –1.76 percent (TSLA) shares may also rise on Friday morning.

In June, NIO sold 12,961 automobiles, an increase over May’s 7,024 sales. The corporation set a new monthly record in June of 2022. First-quarter results were better than expected, but June’s performance was much more impressive.

NIO delivered 25,059 vehicles in the second quarter, a decrease from the 25,768 vehicles delivered in the first quarter. As a consequence of China’s zero-Covid policy, component shortages and restricted output were experienced by the whole sector during the second quarter.

In June, Li Auto sold 13,024 automobiles, an increase over the 11,496 sold in May. Even while it isn’t a new record, it ranks as the company’s third-best monthly performance. In November and December of 2021, monthly deliveries exceeded June’s figure.

Li delivered 28,687 units in the second quarter, down from 31,716 in the previous quarter. Additionally, the second-quarter total exceeded its forecast.

The XPeng findings were the most appealing to me. Deliveries increased from May’s 10,125 total to 15,295 in June. Even while it falls short of the company’s previous expectations, it’s still better than anticipated. 34,422 XPengs were shipped in the second quarter, almost identical to the 34,561 supplied in the first three months.

In June, the three firms supplied 41,280 automobiles to customers. That has to be the finest month ever. The Li 9 has also gone on sale as stated by Li Auto. Investors should also be aware of this.

In premarket trade, shares of Li were up 2.1%. The stock price of NIO has increased by 2.4 percent since the beginning of the year. The price of XPeng stock increased by 2.1%.

There seem to be some movement in Tesla (TSLA) shares as well. Tesla’s most productive facility is located in Shanghai, China, which is a major market for the firm. In pre-market trading, the stock had gained 0.2 percent in value. As of now, the effect seems to be insignificant. Futures on the S&P 500 SPX were down by 0.88%, while those on the Nasdaq Composite were down by 0.10%.

Tesla is expected to release its second-quarter sales figures soon. Compared to the 310,000 cars supplied in the first quarter, Wall Street now expects to sell about 250,000 units.

Investors should be able to take some comfort from anything better than that. It’d be useful to them. In the first half of 2022, Tesla’s shares lost nearly 37%. There was a 31% drop in NIO and a 37% drop in Xpeng shares. By bucking the trend, Li stock rose 19 percent.

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