Shares of Chinese electric-vehicle makers rose Tuesday in Hong Kong, led by Li Auto Inc., after robust December supply knowledge.
Li Auto’s shares
2015,
+10.09%
rose after it posted record-high month-to-month supply figures for December final Friday, rounding out 2022 with a 47% improve in deliveries for the yr.
The automobile maker stated December deliveries rose 51% from a yr earlier, and stated it was “the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark.”
Li Auto’s shares have been up by as a lot as 8.4% in early Tuesday buying and selling. The metropolis’s benchmark Hang Seng Index
HSI,
+1.92%
was final up 0.7%.
Although China’s persistent supply-chain shortages stemming from Covid restrictions slowed manufacturing and gross sales, Chinese electric-vehicle makers capped a wild yr with robust supply outcomes.
NIO Inc.
9866,
+3.06%
delivered 122.486 autos for 2022, up…
2023-01-02 22:21:00 Chinese EV shares rise after robust December deliveries
Original from www.marketwatch.com
