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来真的
2022-05-06

That's no good news. Expect blood on the street of stock exchange

Why Are Chinese EV Stocks NIO, LI, XPEV in the Spotlight Today?

Chinese electric vehicle (EV) companies are in view today as a number of major car makers trend down

Why Are Chinese EV Stocks NIO, LI, XPEV in the Spotlight Today?

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Expect blood on the street of stock exchange","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9066084055","repostId":1199495732,"repostType":4,"repost":{"id":"1199495732","pubTimestamp":1651803492,"share":"https://www.laohu8.com/m/news/1199495732?lang=&edition=full","pubTime":"2022-05-06 10:18","market":"us","language":"en","title":"Why Are Chinese EV Stocks NIO, LI, XPEV in the Spotlight Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1199495732","media":"InvestorPlace","summary":"Chinese electric vehicle (EV) companies are in view today as a number of major car makers trend down","content":"<html><head></head><body><p>Chinese electric vehicle (EV) companies are in view today as a number of major car makers trend down. Chinese EV stocks <b>NIO</b>(NYSE:<b><u>NIO</u></b>), <b>Li Auto</b>(NASDAQ:<b><u>LI</u></b>) and <b>XPeng</b>(NYSE:<b><u>XPEV</u></b>) are well in the red today following yesterday’s bullish wave.</p><p>So, what’s going on with Chinese EV companies lately?</p><p>Well, today Nio offered investors an update of its status pertaining to the Holding Foreign Companies Accountable Act (HFCAA). If you recall, a number of tech-forward Chinese companies have been under regulatory duress lately. Indeed, several Chinese companies, including Nio and XPeng, have been the subject of delisting fears after failing to comply with U.S. auditing laws.</p><p>However, Nio provided investors insight into its current phase in its regulatory snafu. As per the press release, the company is currently in violation of an HFCAA rule by using an auditor “whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (PCAOB).”</p><p>Nio attempted to reassure investors that it is exploring potential solutions, highlighting its recent March secondary listing on the Hong Kong Stock Exchange.</p><p>Unfortunately, the company may have failed to persuade investors as NIO stock eyes a nearly 10% drop this morning. It’s not alone, however. Chinese EV competitors Li Auto and XPeng are also down today, about 5% and 8%, respectively.</p><p>What else do you need to know about Chinese EV makers today?</p><p>Chinese EV Stocks Slump Following Mid-Week Market Boom</p><p>Chinese EV companies may also beseeing reversals from yesterday’s interest-rate-induced boom. Yesterday, Federal Reserve Chairman Jerome Powell reassured investors that the Fed is not considering a 75-basis-point hike. The markets responded with outstanding optimism. The <b>S&amp;P 500</b> and <b>Nasdaq Composite</b> each rose about 3%, marking their best single day since 2020.</p><p>Unfortunately, investors quickly regained their bearish outlook. A number of companies are currently backtracking from yesterday’s gains as the S&amp;P treads down nearly 2%. This is likely part of the story behind the Chinese EV slump today.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are Chinese EV Stocks NIO, LI, XPEV in the Spotlight Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are Chinese EV Stocks NIO, LI, XPEV in the Spotlight Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/why-are-chinese-ev-stocks-nio-li-xpev-in-the-spotlight-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese electric vehicle (EV) companies are in view today as a number of major car makers trend down. Chinese EV stocks NIO(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are well in the red today...</p>\n\n<a href=\"https://investorplace.com/2022/05/why-are-chinese-ev-stocks-nio-li-xpev-in-the-spotlight-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","XPEV":"小鹏汽车"},"source_url":"https://investorplace.com/2022/05/why-are-chinese-ev-stocks-nio-li-xpev-in-the-spotlight-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199495732","content_text":"Chinese electric vehicle (EV) companies are in view today as a number of major car makers trend down. Chinese EV stocks NIO(NYSE:NIO), Li Auto(NASDAQ:LI) and XPeng(NYSE:XPEV) are well in the red today following yesterday’s bullish wave.So, what’s going on with Chinese EV companies lately?Well, today Nio offered investors an update of its status pertaining to the Holding Foreign Companies Accountable Act (HFCAA). If you recall, a number of tech-forward Chinese companies have been under regulatory duress lately. Indeed, several Chinese companies, including Nio and XPeng, have been the subject of delisting fears after failing to comply with U.S. auditing laws.However, Nio provided investors insight into its current phase in its regulatory snafu. As per the press release, the company is currently in violation of an HFCAA rule by using an auditor “whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (PCAOB).”Nio attempted to reassure investors that it is exploring potential solutions, highlighting its recent March secondary listing on the Hong Kong Stock Exchange.Unfortunately, the company may have failed to persuade investors as NIO stock eyes a nearly 10% drop this morning. It’s not alone, however. Chinese EV competitors Li Auto and XPeng are also down today, about 5% and 8%, respectively.What else do you need to know about Chinese EV makers today?Chinese EV Stocks Slump Following Mid-Week Market BoomChinese EV companies may also beseeing reversals from yesterday’s interest-rate-induced boom. Yesterday, Federal Reserve Chairman Jerome Powell reassured investors that the Fed is not considering a 75-basis-point hike. The markets responded with outstanding optimism. The S&P 500 and Nasdaq Composite each rose about 3%, marking their best single day since 2020.Unfortunately, investors quickly regained their bearish outlook. A number of companies are currently backtracking from yesterday’s gains as the S&P treads down nearly 2%. This is likely part of the story behind the Chinese EV slump today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":473,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":54,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}