U.S. Stock Market Movement | Chinese New Energy Vehicle Stocks Decline, NIO Falls Over 7%
On Thursday, Chinese new energy vehicle stocks fell. As of the time of writing, XPeng dropped more than 7.6%, NIO fell more than 7%, and Li Auto dropped more than 4%. On the news front, Cui Dongshu stated in an article that with the decline in market share of traditional fuel vehicles due to the impact of new energy vehicles, the seasonal rhythm of the new energy vehicle market is weakening due to the decrease in the size of the first-time buyer group, changes in the buyer demographics, and changes in the new energy channels. The characteristic of "not light in the off-season" is becoming more and more apparent
According to the Securities Times app, on Thursday, Chinese new energy vehicle stocks fell. As of the time of publication, XPeng Motors (XPEV.US) dropped by over 7.6%, NIO Inc. (NIO.US) dropped by over 7%, and Li Auto (LI.US) dropped by over 4%. On the news front, Cui Dongshu stated in an article that with the decline in market share of traditional fuel vehicles due to the impact of new energy vehicles, the seasonal pace of the new energy vehicle market is weakening due to the decrease in the size of the first-time buyer group, changes in the buyer demographics, and changes in the new energy vehicle distribution channels. The characteristic of "not being slow in the off-season" is becoming more and more apparent