U.S. Stock Market News | New Energy Vehicle Stocks Decline, Li Auto Drops Over 14%
New energy vehicle stocks are generally falling, with Li Auto falling by more than 14% to $18.16. The company's adjusted net profit for the second quarter was 1.503 billion yuan, a year-on-year decrease of 44.9%; revenue was 31.678 billion yuan, a year-on-year increase of 10.6%. The third-quarter delivery volume is expected to be between 145,000 and 155,000 vehicles, with revenue of 39.4-42.2 billion yuan, a year-on-year increase of 13.7%-21.6%. At the same time, the stock prices of XPeng, Nio, Rivian, and Tesla have also experienced varying degrees of decline
According to CNBC, on Wednesday, shares of new energy vehicle companies fell. As of the time of publication, Li Auto (LI.US) dropped over 14% to $18.16. The company's adjusted net profit for the second quarter was 1.503 billion yuan, a year-on-year decrease of 44.9%. The company's second-quarter revenue was 31.678 billion yuan, a year-on-year increase of 10.6%. Li Auto expects to deliver 145,000 to 155,000 vehicles in the third quarter, with an estimated 137,725 vehicles; it expects total revenue in the third quarter to be between 39.4 billion and 42.2 billion yuan, a year-on-year increase of 13.7-21.6%.
XPeng (XPEV.US) fell over 9.6%, Nio (NIO.US) fell over 4.8%, Rivian (RIVN.US) fell over 3.6%, and Tesla (TSLA.US) fell over 1.6%