(July 20) EV stocks rally in premarket trading.
Tesla-Tesla Motors. saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.
Registrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from China Automotive Information Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.
Nio-Days ago, NIO Inc. subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.