Assessing the trends of Chinese EV Stocks
New data from a China Passenger Car Association report showed a record 50.7% of Chinese cars purchased in July were so-called new energy vehicles, or NEVs, meaning they were either electric vehicles or plug-in hybrids. The report provided several numbers demonstrating how China is expanding its global lead in EV adoption.
NIO
NIO's industry-leading battery swap technology is continuing to gain prowess as the Chinese EV company hits another milestone. This week, NIO hit 50 million cumulative battery swaps, providing evidence that the EV charging method is not only viable but also preferred by many drivers.
Nio daily chart
Over 50% drop in NIO's share price since 2024. An obvious downtrend for this EV stock since 2021 from its peak at around 65 USD. As shown in the chart above (orange coloured downtrend line), even for mid term, Nio seems will continue to retrace towards 3.63 USD. And as predicted, Nio retraced to this support level and formed a double bottom now. I believe here is the bottom for Nio and a rebound is highly possible in the near term. Bullish vote for Nio $NIO Inc.(NIO)$
XPENG
Xpeng has reportedly overhauled its organizational structure, similar to local peers Nio and Li Auto, to increase its bet on end-to-end technology. Xpeng has reorganized its organizational structure in line with the changes in the smart driving technology route, with the new structure focusing on end-to-end AI large models.
Xpeng daily chart
For Xpeng, its movement was slightly stronger than NIO, at least it was still on a uptrend since early May 2024. However, thing might totally change for Xpeng soon, its share price seemed to fall below its uptrend line support. This is a critical level to monitor, if the share price is unable to stand back the uptrend line, we would see further drop in Xpeng $XPeng Inc.(XPEV)$
LI
Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li L6 SUV. The new model and most of Li Auto's cars come with a fuel tank for extending the battery's driving range.
Li daily chart
Technical wise, as compared to Nio and Xpeng, Li experienced a much more stable share price movement since the end of May 2024. This week, a higher low pattern was formed in Li technical chart, as drawn in blue above. This might be a trend reversal indication for LI auto, which is definitely a great news for its investors. A bullish vote for LI $Li Auto(LI)$
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I believe XPEV will make the sales number and cars sold. Just average down and enjoy the ride! Long term hold and 18-24 month target of $40.
中国电动汽车市场一直在经历显着增长，7月份购买的汽车中有创纪录的50.7%是新能源汽车（NEV）。这表明中国在电动汽车采用方面的全球领先地位不断扩大。
中国电动汽车公司蔚来已经达到了累计换电5000万次的里程碑，展示了其换电技术的可行性和偏好。尽管蔚来股价自2024年以来大幅下跌，但有迹象表明可能会反弹。该股已回撤至支撑位并形成双底，表明趋势可能逆转，蔚来前景看涨。
据报道，另一家中国电动汽车公司小鹏汽车已对其生产线进行了检修，这可能会影响其股价。如果股价未能保持在上升趋势线支撑之上，预计将进一步下跌。
中国新能源汽车公司理想汽车7月份交付了创纪录的汽车数量，这得益于其新款、成本更低的Li L6 SUV的销售。与蔚来和小鹏汽车相比，该公司的股价表现出了更多的稳定性。李的技术图表中已经形成了更高的低点形态，表明该股可能出现趋势逆转和看涨前景。
在考虑投资美国或中国电动汽车股票时，评估市场状况、公司基本面、增长潜力和监管环境等各种因素非常重要。美国和中国都有重要的电动汽车市场，但各自都有自己独特的特点和风险。在做出任何投资决定之前，最好进行彻底的研究和分析。
请注意，所提供的信息仅供参考，不构成投资建议。投资股票涉及风险，在做出任何投资决定之前，仔细考虑您的财务状况和风险承受能力非常重要。
Looks like all the weak hands have gone now, just diamond hands shorties and gonks like retro and value_man etc left here. Go Nio.....
One reason for nio going down. It is all selling..... and lack of buyer's for their shares at each price level they drop to, ... month after month after month.
XPEV will be under $4.00 soon like NIO. Even XPEV has least sales these days.
Nio it’s going to be a multi trillion dollar company so sit back relax and enjoy it. You are going to be a millionaire.