To The Moon

$XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ received shots in their arms after posting upbeat August vehicle delivery numbers last Friday, lifting the stock prices of the Chinese electric vehicle duo, while their local peer $Li Auto(LI)$ has risen in chorus as well.

The EV industry has heaved a deep sign of relief that EV buyers have not held back their purchases despite concerns over lagging recovery of the Chinese economy and consumer demands.

Hopefully, there will be spillover effects on the global EV market, benefiting the likes of $Faraday Future Intelligent Electric Inc.(FFIE)$ and $Rivian Automotive, Inc.(RIVN)$ Bullish, whose prospects have lately been dampened by a looming recession, although the long-term global transition to EV remains intact with growing global awareness of climate change and increasing tightening of emissions standards.

With latest US inflation data continuing to show cooling prices and signs of some easing of tight labor market emerge as unemployment rises, hopes are rising that the Fed will pause its rate hike.

Rising interest rates have increased the borrowing costs of EV startups and their valuations. Hence, hopefully a pause in rate hikes will return market optimism on EV stocks.

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