Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?

InvestorPlace2022-06-24

The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...

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Comment（24）

KH321
·2022-06-25
OK
Reply
1
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Shirley Soh
·2022-06-24
Good news
Reply
1
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蒋小鱼
·2022-06-24
Go go go
Reply
4
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JaniceZhu
·2022-06-24
“據報道，中國政府正在考慮將免稅額延長2000億元人民幣，約合300億美元。這一延長將增加電動汽車的需求，並有利於二手車市場。2009年，政府頒佈了補貼政策，以幫助刺激電動汽車市場。這些補貼將在2023年前逐步取消。除此之外，10%的電動汽車購置稅豁免將於年底到期。”
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1
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Simonnov
·2022-06-24
Ic
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2
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mel18
·2022-06-24
Go NIO
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2
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Guavaxf30
·2022-06-24
"China tech giants lost their swagger and may never get it back."This artivle appeared in a local newspaper. I agree with the author. The glory, to-the-moon days for Chian stocks may be over.Members have to stay real and not get caught in the FOMO wave happening right now.
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2
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Tanyl
·2022-06-24
NIO is more potential to invest
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2
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FlorCheah
·2022-06-24
EV
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1
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BlueDragon
·2022-06-24
Ok
Reply
1
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i am ok
·2022-06-24
ok
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2
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WW1012
·2022-06-24
Up
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2
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FGP
·2022-06-24
NIO NIO NIO
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2
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wayjay1159
·2022-06-24
Great news!
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Pepermintpat
·2022-06-24
Yes one good news after another will do it. Great!
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3
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Mindthink
·2022-06-24
Ok
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1
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happymoney
·2022-06-24
O
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2
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TANJH
·2022-06-24
Ok
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2
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dorcaschee
·2022-06-24
Welcome good news.
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3
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Worpeng2002
·2022-06-24
Pls like
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4
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The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. 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The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. 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The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041263612,"gmtCreate":1656058024936,"gmtModify":1676535760483,"author":{"id":"4094549885200800","authorId":"4094549885200800","name":"蒋小鱼","avatar":"https://static.tigerbbs.com/e246cd92d12ee8510cba3c63485f6922","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4094549885200800","authorIdStr":"4094549885200800"},"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041263612","repostId":1115207306,"repostType":2,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041646799,"gmtCreate":1656047152111,"gmtModify":1676535758541,"author":{"id":"3580721934889206","authorId":"3580721934889206","name":"JaniceZhu","avatar":"https://static.tigerbbs.com/af488b5cafb7800a5651f7df4b054547","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580721934889206","authorIdStr":"3580721934889206"},"htmlText":"“據報道，中國政府正在考慮將免稅額延長2000億元人民幣，約合300億美元。這一延長將增加電動汽車的需求，並有利於二手車市場。2009年，政府頒佈了補貼政策，以幫助刺激電動汽車市場。這些補貼將在2023年前逐步取消。除此之外，10%的電動汽車購置稅豁免將於年底到期。”","listText":"“據報道，中國政府正在考慮將免稅額延長2000億元人民幣，約合300億美元。這一延長將增加電動汽車的需求，並有利於二手車市場。2009年，政府頒佈了補貼政策，以幫助刺激電動汽車市場。這些補貼將在2023年前逐步取消。除此之外，10%的電動汽車購置稅豁免將於年底到期。”","text":"“據報道，中國政府正在考慮將免稅額延長2000億元人民幣，約合300億美元。這一延長將增加電動汽車的需求，並有利於二手車市場。2009年，政府頒佈了補貼政策，以幫助刺激電動汽車市場。這些補貼將在2023年前逐步取消。除此之外，10%的電動汽車購置稅豁免將於年底到期。”","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041646799","repostId":1115207306,"repostType":2,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9041639812,"gmtCreate":1656039900736,"gmtModify":1676535756893,"author":{"id":"4097750438225520","authorId":"4097750438225520","name":"Simonnov","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4097750438225520","authorIdStr":"4097750438225520"},"htmlText":"Ic","listText":"Ic","text":"Ic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041639812","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041862847,"gmtCreate":1656033977989,"gmtModify":1676535755144,"author":{"id":"4097201280076440","authorId":"4097201280076440","name":"mel18","avatar":"https://community-static.tradeup.com/news/cb8392cdbd4f593469aed779f484434a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4097201280076440","authorIdStr":"4097201280076440"},"htmlText":"Go NIO","listText":"Go NIO","text":"Go NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041862847","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041861215,"gmtCreate":1656033745837,"gmtModify":1676535754930,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"\"China tech giants lost their swagger and may never get it back.\"This artivle appeared in a&nbsp;local newspaper. I agree with the author. The glory, to-the-moon days for Chian stocks may be over.Members have to stay real and not get caught in the FOMO wave happening right now.&nbsp;","listText":"\"China tech giants lost their swagger and may never get it back.\"This artivle appeared in a&nbsp;local newspaper. I agree with the author. The glory, to-the-moon days for Chian stocks may be over.Members have to stay real and not get caught in the FOMO wave happening right now.&nbsp;","text":"\"China tech giants lost their swagger and may never get it back.\"This artivle appeared in a local newspaper. I agree with the author. The glory, to-the-moon days for Chian stocks may be over.Members have to stay real and not get caught in the FOMO wave happening right now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041861215","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041815540,"gmtCreate":1656032620381,"gmtModify":1676535754588,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4087109808120260","authorIdStr":"4087109808120260"},"htmlText":"NIO is more potential to invest","listText":"NIO is more potential to invest","text":"NIO is more potential to invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041815540","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041141548,"gmtCreate":1656029392484,"gmtModify":1676535753298,"author":{"id":"3573025586175142","authorId":"3573025586175142","name":"FlorCheah","avatar":"https://static.tigerbbs.com/8cb91e5f44e414335718e1beffda39e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573025586175142","authorIdStr":"3573025586175142"},"htmlText":"EV","listText":"EV","text":"EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041141548","repostId":1115207306,"repostType":2,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041159098,"gmtCreate":1656028745114,"gmtModify":1676535752989,"author":{"id":"4087932884013320","authorId":"4087932884013320","name":"BlueDragon","avatar":"https://static.tigerbbs.com/431c326e19a16844e147d10866565f27","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4087932884013320","authorIdStr":"4087932884013320"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041159098","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041150527,"gmtCreate":1656028731169,"gmtModify":1676535752962,"author":{"id":"3583010094291363","authorId":"3583010094291363","name":"i am ok","avatar":"https://static.tigerbbs.com/a3e36ab40e4050fb2c6704581088947a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583010094291363","authorIdStr":"3583010094291363"},"htmlText":"&nbsp;ok","listText":"&nbsp;ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041150527","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041150106,"gmtCreate":1656028724305,"gmtModify":1676535752953,"author":{"id":"3553224628095486","authorId":"3553224628095486","name":"WW1012","avatar":"https://static.tigerbbs.com/f992cdfebad899a930707fdd9a236024","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3553224628095486","authorIdStr":"3553224628095486"},"htmlText":"Up&nbsp;","listText":"Up&nbsp;","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041150106","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041126010,"gmtCreate":1656028455530,"gmtModify":1676535752587,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":9,"crmLevelSwitch":1,"idStr":"3584079457608282","authorIdStr":"3584079457608282"},"htmlText":"NIO NIO NIO","listText":"NIO NIO NIO","text":"NIO NIO NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041126010","repostId":1115207306,"repostType":2,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041121883,"gmtCreate":1656028365542,"gmtModify":1676535752541,"author":{"id":"3572263643085453","authorId":"3572263643085453","name":"wayjay1159","avatar":"https://static.tigerbbs.com/90243eb7b291745521549277f548f887","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572263643085453","authorIdStr":"3572263643085453"},"htmlText":"Great news!&nbsp;","listText":"Great news!&nbsp;","text":"Great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041121883","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041123409,"gmtCreate":1656028315301,"gmtModify":1676535752534,"author":{"id":"4109504542406510","authorId":"4109504542406510","name":"Pepermintpat","avatar":"https://community-static.tradeup.com/news/0804feddbf156f8e808003b7ca831628","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":3,"crmLevelSwitch":1,"idStr":"4109504542406510","authorIdStr":"4109504542406510"},"htmlText":"Yes one good news after another will do it. Great!","listText":"Yes one good news after another will do it. Great!","text":"Yes one good news after another will do it. Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041123409","repostId":1115207306,"repostType":2,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041129622,"gmtCreate":1656028243766,"gmtModify":1676535752495,"author":{"id":"4102837759709900","authorId":"4102837759709900","name":"Mindthink","avatar":"https://community-static.tradeup.com/news/89b965229f7209196369426d161728ee","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4102837759709900","authorIdStr":"4102837759709900"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041129622","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041129850,"gmtCreate":1656028241671,"gmtModify":1676535752487,"author":{"id":"3569807126010989","authorId":"3569807126010989","name":"happymoney","avatar":"https://static.tigerbbs.com/c7b835f693b89bd9b980cc013a40c669","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3569807126010989","authorIdStr":"3569807126010989"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041129850","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041129036,"gmtCreate":1656028226125,"gmtModify":1676535752479,"author":{"id":"3572430244287129","authorId":"3572430244287129","name":"TANJH","avatar":"https://static.tigerbbs.com/08f0a812db3886c7089d529cb706b8fa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572430244287129","authorIdStr":"3572430244287129"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041129036","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041167763,"gmtCreate":1656028168252,"gmtModify":1676535752447,"author":{"id":"3579259780567897","authorId":"3579259780567897","name":"dorcaschee","avatar":"https://community-static.tradeup.com/news/00b74fb2ca30b2e9b3040a2f1f047bd6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3579259780567897","authorIdStr":"3579259780567897"},"htmlText":"Welcome good news.&nbsp;","listText":"Welcome good news.&nbsp;","text":"Welcome good news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041167763","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041164987,"gmtCreate":1656028059749,"gmtModify":1676535752416,"author":{"id":"3582000520700468","authorId":"3582000520700468","name":"Worpeng2002","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000520700468","authorIdStr":"3582000520700468"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041164987","repostId":1115207306,"repostType":4,"repost":{"id":"1115207306","kind":"news","pubTimestamp":1656026782,"share":"https://ttm.financial/m/news/1115207306?lang=&edition=fundamental","pubTime":"2022-06-24 07:26","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115207306","media":"InvestorPlace","summary":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions ","content":"<html><head></head><body><ul><li>The Chinese government is considering extending electric vehicle (EV) tax exemptions.</li><li>The exemptions would be extended by about $30 billion.</li><li>Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.</li></ul><p>Chinese electric vehicle (EV) stocks <b>Nio</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.</p><p>Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.</p><p>With that in mind, let’s get into the details of the tax exemptions.</p><p><b>Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?</b></p><p>The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.</p><p>In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.</p><p>China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.</p><p>Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.</p></body></html>","source":"lsy1606302653667","collect":0,"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>Why Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?</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\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV Climbing Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to ...</p>\n\n<a href=\"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://investorplace.com/2022/06/why-are-chinese-ev-stocks-nio-li-xpev-climbing-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115207306","content_text":"The Chinese government is considering extending electric vehicle (EV) tax exemptions.The exemptions would be extended by about $30 billion.Furthermore, an exemption on the 10% EV tax is slated to expire by the end of the year.Chinese electric vehicle (EV) stocks Nio(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are in the green today following an announcement that the Chinese government may extend EV tax exemptions. The news was reported via Chinese state television, which caused both Li Auto and XPeng to surge higher by 6% in Hong Kong. Meanwhile, Nio traded higher by 4% in Singapore.Chinese EV stocks have had a volatile year due to Covid-19 lockdowns in several key cities. These lockdowns have further exacerbated supply chain challenges. The fear of a resurgence of coronavirus cases and lockdowns is still present, but the country recently reported its lowest number of new cases since February. Additionally, none of China’s top 50 cities by economic size currently have widespread restrictions in place. In April, zero new cars were sold in Shanghai due to the lockdowns.With that in mind, let’s get into the details of the tax exemptions.Why Are Chinese EV Stocks NIO, LI, XPEV Up Today?The Chinese government is reportedly considering extending tax exemptions by 200 billion yuan, or roughly $30 billion. This extension would increase EV demand and benefit the used-car market as well. In 2009, the government enacted subsidies to help stimulate the EV market. These subsidies will phase out by 2023. On top of that, a 10% EV purchase tax exemption is set to expire by the end of the year.In May, Chinese passenger vehicle sales were down 17% year-over-year (YOY). In April, passenger vehicle sales were down 36% YOY. This represented the largest drop in two years. The lockdowns have hurt Chinese vehicle sales significantly, and now it appears as if the government is stepping in to bolster sales.China also announced that it would halve the purchase tax on low-emission vehicles. These vehicles must have been sold between June and December of last year, have no more than nine seats and carry a price tag of $45,000 or less. The country estimated that these tax reductions would total 60 billion yuan, or about $9 billion.Several individual Chinese car companies are also providing customers with incentives to help increase sales. These include insurance subsidies, attractive financing rates and an extension of loan payment deadlines.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":235,"commentSize":24,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}