Chinese EV 😋 or 😱?

EV EV EV... Among the hottest topic and sector for recent two years. Many investors start to gain interest in this sector. 

New player! 

First and foremost, there's an announcement today that Xiaomi has won the approval of China's state planner to manufacture electric vehicles, said two people with knowledge of the matter, marking a major step towards the smartphone maker's goal of producing cars by early next year. This is definitely a booster for $XIAOMI-W(01810)$  to venture into another field. Xiaomi is really very diversified in its products for the past decade. Do you think XIAOMI-W can grab some meat from this competitive market?

Old TRIO

Now let's look at the Chinese EV trio, XPEV NIO and Li! I am short term $XPeng Inc.(XPEV)$  for XPEV as I think the correction will be over for this stock anytime now. Moreover, the earnings results did not send the stock further down and able to sustain at ema 50 line support as shown in the chart below. Anyone supporters for XPEV here? 

XPEV daily chart

As compared with XPEV, NIO on the other has a weaker price movement. The stock is unable to stand firm about ema50 and remain below of this line for over one week. Furthermore, NIO is yet to release its earnings end of this month. Usually the stock tends to plunge after its quarter results announcement. Therefore, for the moment, I am $NIO Inc.(NIO)$  more pessimistic with its short term price movement. 

NIO daily chart

Lastly, for Li, which grows the fastest and currently doing the best among the Chinese trio will continue to be $Li Auto(LI)$ Bullish. The strength of the company is simply revealed through the share price. It suffers the least retracement among the Trio this round. This is probably it is the most attractive choice among the EV investors, who make their entry at this level. 

LI daily chart

Which one is your first choice among them?

@TigerStars  @CaptainTiger  @MillionaireTiger  @Daily_Discussion