To The Moon

The market had good vibes to start the week. EV stocks outperformed Tuesday's stock market rebound.

Here is today's rising energy vehicle list:

When I look at Chinese EV stocks, I found NIO, Li auto and xpev nearly doubled from May lows.​​

$NIO Inc.(NIO)$ 

​Nio stock surged Tuesday morning as the broader U.S. market rose, and was trading 9.1% higher. 

Two things should work in Nio's favor now. First, sales volumes and deliveries are bouncing back as the relaxes  pandemic restrictions. Second, Nio is taking fresh orders for all models at higher prices.

Combined, these factors should boost Nio's top line in the months ahead. That's pretty much all shareholders want to see, and what new investors are betting on now.

​$Li Auto(LI)$ 

 Li stock ended up 7.8% today following the news. It's trading at $35.75 per share as of market close. China-based electric vehicle maker Li Auto introduced its new model L9 SUV on Tuesday, following a similar introduction from peer Nio last week — with both companies aiming to dominate China's auto market. Li Auto is challenging Tesla to be the top name for luxury EVs in China.

​​$XPeng Inc.(XPEV)$ 

XPENG announced this week that it has reached a milestone of 200,000 cumulative smart EV deliveries.

"Reaching our 200,000-delivery milestone represents the trust of 200,000 customers.", said XPENG’s CEO and Chairman He Xiaopeng. "Every single delivery represents the trust we have earned from our customers – it’s a step closer to our transition to a smarter and greener future."

Energy vehicle market volume and price increase

Since March 2022, most new energy vehicle companies have announced price increases, price increases cover the market mainstream new energy vehicles. Corresponding with the end sales boom is the price increase enterprise sales in the same time rise.

Cost transmission and strong demand overlap

The current car prices are mainly caused by the cost of raw materials and components and other conduction, and the recent cost increases are particularly prominent in the power battery and car chip two major components.

In the power battery, according to statistics, by lithium phosphate, lithium hexafluorophosphate, battery auxiliary materials and other prices, from January to May 2022, lithium iron phosphate and ternary core costs have risen 18%, 20% (2021 rose by 57%, 58%).

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NIO, LI and XPEV Nearly Doubled From May Lows, can Tesla Catch up?​​

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