XPENG To Attend IAA Mobility 2023 as EU Deliveries Begin
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- SpaceX shares fall as second lockup period ends
- Supermicro probe finds no senior management link to export violations
- Werewolf Therapeutics sells platform assets to EMD Serono for $33M
Chinese EV rivals shine in August, Li Auto (LI) hits record sales
September 1, 2023 8:42 AM EDTTeslas (NASDAQ: TSLA) Chinese rivals reported impressive August delivery numbers on Friday with Li Auto (NASDAQ: LI) achieving an all-time high in sales. XPeng (XPEV) reported its strongest month in over a year, while Nio (NYSE: NIO) came close to achieving a new delivery record.
Li Auto (LI)
Li Auto recorded a 2.3% increase in deliveries, with 34,914 vehicles delivered in August compared to the previous record of 34,134 vehicles in July and an astonishing 664% surge... More
UBS cuts estimates on Renault and Volkswagen as Chinese competition rises
September 1, 2023 8:21 AM EDTUBS downgraded French automaker, Renault to a Sell rating (From Neutral) and cut their 12-month price target on the automotive stock to 31.00 (From 42.00) as competition from Chinese rivals intensifies.
UBS anticipates continued robust financial performance in the upcoming quarters with the potential for additional positive surprises. However, it is noteworthy that most indicators have ceased to show improvement. An analysis by UBS, including the examination of the BYD teardown Q-Series, leads analyst David Lesne to believe that legacy automakers... More
