2 EV Stocks in Focus After Delivery Numbers
Two China-based electric vehicle (EV) names are in the spotlight today following their May delivery numbers. Li Auto Inc (NASDAQ:LI) delivered 40,856 vehicles, representing 20.4% growth from April. Nio Inc (NYSE:NIO) announced 23,231 vehicle deliveries -- down from 23,900 in April but still up 13.1% year-over-year -- while its new brand, 'Firefly,' saw decent growth. It's worth noting that the EV "price war" -- broadly attributed to BYD Auto -- has caught the attention of the Chinese government, which could ...