China EV shares plummet as Beijing broadens crackdown beyond tech


Source: whatsnew2day.com whatsnew2day.com

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China EV shares plummet as Beijing broadens crackdown beyond tech Bank & Insurance By Jacky Last updated Jul 25, 2021 Share Chinese EV Stocks Nioz (NIO), Xpeng engines (XPEV) and Li Auto (AT THE) sold as Beijing broadened its crackdown from tech companies to education. X Chinese School Shares TAL Education (TAL) and New Eastern Education and Technology (EDU) collapsed amid local reports of a government memo imposing new restrictions on the education sector. Educational institutions are not allowed to raise money through stock exchange listings according to a copy of a new policy document and seen by seen CNBC....