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NIO, Xpeng, and Li Auto Are Not the Next Tesla. Why It’s Time to Unplug From Chinese EV Stocks. – Barrons

Electrical autos are the way forward for the auto trade, so it’s no shock they’ve captured Wall Avenue’s creativeness, particularly on this pandemic-plagued yr when so many different companies are starved for development.

Think about the rise in the American depositary receipts of three Chinese EV firms—Nio, XPeng, and Li Auto. XPeng’s ADRs (ticker: XPEV) have tripled, to a current $44.52, since the firm’s Aug. 27 preliminary public providing, whereas Li Auto (LI) is up 180%, to $32, from its July 30 IPO. However NIO (NIO), which got here…

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