Energy Industry News

Chinese NEV Stocks Fall as Tesla's Deliveries Decline

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 7 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 53%

Business News

Chinese,NEV,Stocks

Major Chinese new energy vehicle (NEV) making stocks fell on Wednesday, tracking steep overnight losses in Tesla after the world’s most valuable electric vehicle (EV) maker clocked a quarterly decline in deliveries.

Major Chinese new energy vehicle (NEV) making stocks fell on Wednesday, tracking steep overnight losses in Tesla after the world’s most valuable electric vehicle (EV) maker clocked a quarterly decline in deliveries. Tesla delivered 386,810 vehicles against estimates of 449,080 vehicles. The miss ramped up concerns over slowing demand in the EV maker’s biggest markets, particularly in China.

This trend could draw even more aggressive price cuts from the firm, which bodes poorly for its competitors in China

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Klaus Pflugbeil, Yilong Shao charged with stealing Tesla information for Chinese businessTwo men have been accused of stealing Tesla trade secrets to set up their own electric vehicle battery manufacturing business in China.
Source: WashTimes - 🏆 235. / 63 Read more »