China Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.

34
7
Favorite

China Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.

Barrons2021-09-13

China will encourage market consolidation in the electric-vehicle sector, an industry it has nurtured for years amid the breakneck growth of greener transportation, the country’s industry and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（7）

AhSon
·2021-09-16
omg
Reply
Like
Report
SherryVJ
·2021-09-13
Tell me your opinion about this news...
Reply
6
Report
zxl2021
·2021-09-13
can't agree more
Reply
1
Report
TK360
·2021-09-13
More focus
Reply
3
Report
SRT
·2021-09-13
Let me know
Reply
3
Report
MelChen
·2021-09-13
Should buy Xpeng or Nio?
Reply
3
Report
Fold Replies
- AhSon:
  ye s la
  2021-09-16
  Reply
  Report
dandan_4896
·2021-09-13
Piak piak
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1102831910?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-13 19:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102831910","market":"us","top_or_hot":-1,"title":"China Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.","media":"Barrons","content":"<div>\n<p>China will encourage market consolidation in the electric-vehicle sector, an industry it has nurtured for years amid the breakneck growth of greener transportation, the country’s industry and ...</p>\n\n<a href=\"https://www.barrons.com/articles/china-has-too-many-ev-firms-and-wants-consolidation-what-it-means-for-nio-and-tesla-stock-51631532294?mod=hp_LATEST\">Source Link</a>\n\n</div>\n","source":"lsy1601382232898","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 19:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/china-has-too-many-ev-firms-and-wants-consolidation-what-it-means-for-nio-and-tesla-stock-51631532294?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China will encourage market consolidation in the electric-vehicle sector, an industry it has nurtured for years amid the breakneck growth of greener transportation, the country’s industry and ...</p>\n\n<a href=\"https://www.barrons.com/articles/china-has-too-many-ev-firms-and-wants-consolidation-what-it-means-for-nio-and-tesla-stock-51631532294?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.barrons.com/articles/china-has-too-many-ev-firms-and-wants-consolidation-what-it-means-for-nio-and-tesla-stock-51631532294?mod=hp_LATEST","article_id":"1102831910","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102831910","pubTimestamp":1631532964,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"China will encourage market consolidation in the electric-vehicle sector, an industry it has nurture","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"translate_title":"中国有太多电动汽车公司，希望合并。对蔚来和Tesla股票意味着什么。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9,"TSLA":0.9},"content_text":"China will encourage market consolidation in the electric-vehicle sector, an industry it has nurtured for years amid the breakneck growth of greener transportation, the country’s industry and information technology minister said Monday.\nIn addition to improving charging infrastructure and electric vehicle mileage, China’s EV sector must “embrace the market,” Xiao Yaqing said in a press conference on Monday, translated by Chinese state-owned channel CGTN. This will allow many small and scattered firms to “concentrate their industrial practices,” the minister said.\n\n“We have too many EV firms on the market right now,” he said, as quoted in Bloomberg. “The role of the market should be fully utilized and we encourage merger and restructuring efforts in the EV sector to further increase market concentration.”\n\nShares in some of China’s most popular EV companies wobbled in Monday trading, with Li Auto stock dropping 1.4% in Hong Kong while shares in BYD fell 1.6% in Shenzhen.\n\nBut U.S.-listed Chinese EV stocks appeared to fare better. Shares in NIO rose 0.7% in the U.S. premarket, with XPeng stock also 0.7% higher ahead of the open of New York trading Monday.\n\nChina’s electric vehicle market is the worlds largest, with manufacturers benefiting from government subsidies to promote greener transportation.\nTesla is competitive in China, but a consolidated domestic sector could pose a new challenge for the high-profile electric vehicle company.Tesla stock was 1% higher in the U.S. premarket Monday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":885506664,"gmtCreate":1631801193458,"gmtModify":1676530639702,"author":{"id":"3562559237461627","authorId":"3562559237461627","name":"AhSon","avatar":"https://static.tigerbbs.com/93b572e6d31fbbe91fbc1aeca083aee9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562559237461627","authorIdStr":"3562559237461627"},"htmlText":"omg","listText":"omg","text":"omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885506664","repostId":1102831910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886025681,"gmtCreate":1631540349343,"gmtModify":1676530570009,"author":{"id":"3586426326873853","authorId":"3586426326873853","name":"SherryVJ","avatar":"https://community-static.tradeup.com/news/1881722e980e541f3c66ed217d5b91c6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3586426326873853","authorIdStr":"3586426326873853"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886025681","repostId":1102831910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886037138,"gmtCreate":1631537659124,"gmtModify":1676530569012,"author":{"id":"4094454557179640","authorId":"4094454557179640","name":"zxl2021","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4094454557179640","authorIdStr":"4094454557179640"},"htmlText":"can't agree more&nbsp;","listText":"can't agree more&nbsp;","text":"can't agree more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886037138","repostId":1102831910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886091389,"gmtCreate":1631535926841,"gmtModify":1676530568644,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574766349354741","authorIdStr":"3574766349354741"},"htmlText":"More focus&nbsp;","listText":"More focus&nbsp;","text":"More focus","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886091389","repostId":1102831910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886001985,"gmtCreate":1631535323147,"gmtModify":1676530568289,"author":{"id":"3581299219229724","authorId":"3581299219229724","name":"SRT","avatar":"https://static.tigerbbs.com/2c4dbc9d7745f5494368eb3ffad10380","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581299219229724","authorIdStr":"3581299219229724"},"htmlText":"Let me know","listText":"Let me know","text":"Let me know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886001985","repostId":1102831910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":888743295,"gmtCreate":1631533436317,"gmtModify":1676530567678,"author":{"id":"3579516203633444","authorId":"3579516203633444","name":"MelChen","avatar":"https://static.tigerbbs.com/7dc83c4dd359a76b490cbb2309bb1eee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579516203633444","authorIdStr":"3579516203633444"},"htmlText":"Should buy Xpeng or Nio?&nbsp;","listText":"Should buy Xpeng or Nio?&nbsp;","text":"Should buy Xpeng or Nio?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888743295","repostId":1102831910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5892209,"gmtCreate":1631801188971,"gmtModify":1663233978846,"authorId":3562559237461627,"author":{"id":3562559237461627,"idStr":"3562559237461627","authorId":3562559237461627,"name":"AhSon","avatar":"https://static.tigerbbs.com/93b572e6d31fbbe91fbc1aeca083aee9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":888743295,"type":1,"supId":0,"prevId":0,"content":"ye s la","text":"ye s la","html":"ye s la"}],"langContent":"EN"},{"id":888757250,"gmtCreate":1631533154970,"gmtModify":1676530567614,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3576232257279797","authorIdStr":"3576232257279797"},"htmlText":"Piak piak","listText":"Piak piak","text":"Piak piak","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888757250","repostId":1102831910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}