Chinese EV Trio πŸ’Έ

Following my previous article on Tesla, let's talk about China EV counters. These EV counters had been quite calm since the huge rally in July. Investors are probably waiting for this wave of correction to end before opening a new position in these stocks. So, do you think the correction wave will finish soon or the stocks will continue remain at a consolidation phase for incoming weeks?

XPEV

Similar to Tesla, XPeng is also forming a symmetrical triangle pattern since mid August. The fluctuation range is getting smalller at this consolidation phase I believe XPeng will have a higher chance to breakout upwards instead of downwards. It should choose its direction pretty soon. I am $XPeng Inc.(XPEV)$ for it next week. Moreover, Xpeng will hold a launch event for the new G9 on September 19 in Dunhuang, which might further stimulate the stock price. 

XPEV daily chart

NIO

NIO daily chart

As compared to XPEV, NIO is rather weaker as it erases all its gain in August. Currently the stock is at a consolidation phase and testing the blue line support. A bit worrying if the stock tends to breakout downwards, the downside will be huge. It's hard to judge based on technical for NIO this week. Fundamental wise, NIO is experiencing stronger delivery growth, with an increase of 81% YoY in August 2023. The company's delivery rebound is a promising sign that supply chain issues and production delays are improving. Therefore, I am short term $NIO Inc.(NIO)$ for the company. 

NIO EC6

LI

LI, formation of a descending triangle, worth to put in your watchlist and monitor for a potential breakout from the downtrend line which might reverse the stock trend for the incoming weeks. Without doubt, LI is still the strongest in chart as compared to NIO and XPEV. 

LI daily chart

Li's success at capturing a greater share of the Chinese EVs market may continue, helping to outweigh the impact of a sluggish economy on overall EV sales. If Li's monthly delivery and quarterly results continue to meet market expectations, there is chance for this stock to start another big rally! Therefore, I am $Li Auto(LI)$ for LI next week. 

XIAOMI

Another EV company? Hmmm interesting. We saw news stating that Xiaomi first EV model is now in the trial of production phase, with around 50 prototypes being produced every week. With the target to produce its first EV model in the first half of 2024, I am mid term $XIAOMI-W(01810)$ Bullish. 


@CaptainTiger  @Tiger_comments  @Tiger_SG  @Daily_Discussion  @MillionaireTiger  @TigerStars  

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

Report

Comment(35οΌ‰

  • Top
  • Latest
  • vippy
    Β·2023-09-30
    TOP

    my avg...is $38...there is light...if the arraignment works out for both...stock could get to $50 this year. I don't think the numbers will be great next week but I expect great things in 4Q.

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      All the best to your investment!
      2023-10-01
      Reply
      Report
  • 0billionaire
    Β·2023-09-17
    TOP

    I firmly believe that NIO will be one of the top 3 leading manufacturers of everything EV.

    Share price will most like rise 3000-6000%!

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      High five for another NIO supporter. Let's witness NIO success in future. Gogogo!
      2023-09-18
      Reply
      Report
  • frosti
    Β·2023-09-30
    TOP

    Greenspan once used the term β€œthe irrational exuberance β€œ but XPeng is not even close, in fact it’s just getting started. The shares have been suppressed enough for too long.

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Similar to all the three Chinese EV makers.
      2023-10-01
      Reply
      Report
  • zinglee
    Β·2023-09-30
    TOP

    Audi is rumored to be in serious talks with some of the EV makers in China to license their autonomous driving technology and AI systems . Other car manufacturers to follow. XPENG is expected to be one of the leading candidate to receive the contract .

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Hopefully Nio got the chance too, they are doing badly recently.
      2023-10-01
      Reply
      Report
  • nimbly
    Β·2023-09-30
    TOP

    Basically this demonstrates that Xpeng has competitive advantage in technology and manufacturing capabilities over its rivals -- why would VW choose anything else than the best EV maker to cooperate in key market such as China?

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      You got the points!
      2023-10-01
      Reply
      Report
  • cheerzy
    Β·2023-09-30
    TOP

    September deliveries are trending towards 18K+ and 4 quarter deliveries have been guided for well over 20K+ per month. Xpeng expects to be profitable in the 4th quarter.

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      That will be a great stimulus for the company.
      2023-10-01
      Reply
      Report
  • bubblyx
    Β·2023-09-30
    TOP

    XPeng has already received approval for their citywide system (not only on freeway) from 5 major first tier cities with most population in China.

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for sharing this useful information to all the readers here.
      2023-10-01
      Reply
      Report
  • ZOE011
    Β·2023-09-17
    TOP

    I trust NIO will exceed 60k deliveries for Q3 to top $3B+


    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Pray for the best! That will be absolutely amazing!
      2023-09-18
      Reply
      Report
  • 0billionaire
    Β·2023-09-17
    TOP

    Why Nio is my top investment. "The Odd Investor on YT"


    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for sharing this interesting info, let me have a look when I free.
      2023-09-18
      Reply
      Report
  • Aqa
    Β·2023-09-18
    TOP
    Congrats #5 Trending now! Go Top! πŸ‘πŸ»
    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for your support 😊
      2023-09-18
      Reply
      Report
  • lwk
    Β·2023-09-19
    Great ariticle, would you like to share it?
    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Glad to find out you like it and want to share it, thanks.
      2023-09-19
      Reply
      Report
  • Tuzkipie
    Β·2023-09-19

    Great ariticle, would you like to share it?

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Go ahead, thx for your interest
      2023-09-19
      Reply
      Report
  • WilliamWin
    Β·2023-09-17

    Great ariticle, would you like to share it?

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for your support William hehe
      2023-09-18
      Reply
      Report
  • YueShan
    Β·2023-09-24
    Good ⭐⭐⭐
    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for your support hehe
      2023-10-01
      Reply
      Report
  • wendytan
    Β·2023-09-19
    k
    Reply
    Report
    Fold Replies
    • Shyon:Β 
      πŸ‘πŸ‘πŸ‘ Thx
      2023-09-19
      Reply
      Report
    • Shyon:Β 
      Thanks for support ya
      2023-09-19
      Reply
      Report
  • YasuHiro
    Β·2023-09-19

    Buy 

    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Pull back last night. πŸ˜†
      2023-09-19
      Reply
      Report
  • KSR
    Β·2023-09-18
    πŸ‘
    Reply
    Report
    Fold Replies
    • Shyon:Β 
      Thanks for support friend!
      2023-09-18
      Reply
      Report