Automobile Automotive BYD Car China Chinese Covid-19 Economy electric vehicle Elon Musk Hong Kong Investment Manufacturer Manufacturing New York Retail Statistics stock exchange stock market stocks Tesla Twitter Xpeng
Electric-vehicle stock prices in China have risen significantly since the Covid shutdown shook the country, which is the second-largest economy on Earth. Tesla's stock is also rising as a result of the announcement. Citigroup analyst, Jeff Chung recently talked with executives from the Chinese Passenger Car Association. Compared to May, they estimate a 50% increase in June passenger car wholesale volumes. What's more, retail sales volumes are forecast to climb 20 percent quarter over quarter, backed by increasing output and tax cuts aimed to promote demand. There will be some relief for investors as a result of this news. When…
News Timeline:
Track the development of this news story across the Internet.