To The Moon

After a seven-month investigation into subsidies in China's EV sector, the EU announced last week that it would raise tariffs on Chinese EVs by up to 38 per cent from July 4. Chinese car firms have asked Beijing to take the most stringent measures against the European Union after the bloc raised import tariffs on its electric vehicles. NIO Nio founder, chairman, and CEO William Li expressed his opposition to the additional tariffs imposed by the European Union on Chinese electric vehicles (EVs), while noting that even so, the company's upcoming models under its third brand, codenamed Firefly, will still be competitive in Europe. NIO daily chart What a wasted rebound for NIO share price since earlier May, all being erased during the past weeks due to the release of disappointing earnings. If we zoom out a bit for its mid term trend, it seems like NIO is still facing difficulties to breakout beyond its downtrend line since December 2023, as illustrated by the orange line. For such, I remain bearish for $NIO Inc.(NIO)$ and believe it will continue to pullback towards 3.63 USD which acts as its final support. XPENG A flying car made by AeroHT, an affiliate of Chinese electric vehicle maker Xpeng, took off at Beijing Daxing International Airport last week for its maiden flight in the capital city, as the firm moves closer to commercialising its aircraft amid growing policy support for the so-called low-altitude economy. Xpeng daily chart For the past 2 months, Xpeng share price consolidated and formed a symmetrical triangle pattern. However, 2 weeks ago, the share price failed to sustain above the lower uptrend line and broke below. This led to another round of downtrend as we can observe through the chart. For such, I strongly believe $XPeng Inc.(XPEV)$ share price will continue to be bearish in near term until it finds its near term support. LI Li Auto has entered into a partnership agreement to boost its aggressive charging infrastructure build out plan. On June 18, Li Auto signed a partnership agreement with PetroChina Kunlun Wanglian Electric Energy Technology Co Ltd. The two companies will work together to promote the construction of charging infrastructure along highways and within cities nationwide. LI daily chart As we can observe from its technical chart shared above, it is very obvious that we can conclude that Li share price is extremely bearish and has been traded under a parallel downtrend channel since early March. Recently, the good news is it seems like Li share price refuses to go lower and starts consolidate recently, this signifies that the share price might reach its bottom already. For such, I am more willing to have a bullish vote for $Li Auto(LI)$ , hoping for a rebound next week. Do you like to invest in US or China EV stocks? What are the reasons behind? Come and join the discussion with us. @TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT