Not just Tesla: electric car startups from China overtake GM and BMW on the stock exchange


Source: newsabc.net newsabc.net

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Word has got around that Tesla shares are rising to ever higher heights and the company is now one of the ten most valuable in the world – on Wednesday it continued the rally it started last week and closed at $ 574 apiece and a total capitalization of $ 544 billion. But in the slipstream of Tesla, so to speak, smaller electric car manufacturers are also gaining momentum on the stock market: BYD and Nio, both from China, have overtaken traditional manufacturers such as GM and BMW – and are getting closer and closer to Daimler and Volkswagen. Nio...