News Snapshot:
Sites Publishing The News 1/2 Pedestrians walk past a Nio Inc. showroom in Beijing, China Qilai Shen/Bloomberg Shares of Chinese electric-vehicle makers were rising, a lot , to start the week in Hong Kong trading . Investors can thank demand , which appears to be returning after Covid lockdowns roiled the entire Chinese economy. Citigroup analyst Jeff Chung recently spoke with officials from the Chinese Passenger Car Association. They expect June passenger vehicle wholesale volumes to grow 50% in June, compared with May. What’s more, retail sales volumes are expected to grow 20% quarter over quarter, boosted by improving production...
