Li Auto, Nio, Xpeng: Chinese EV Stocks Fully Priced Following Recent Rally, Planned Rate Hikes
The stocks of Chinese EV players have surged over the last month, largely reversing the effects of the sell-off seen earlier this year. Nio stock has rallied by almost 38% over the last month, Li Auto gained 45%, and Xpeng surged by almost 58%. Now although the three companies posted mixed delivery.
China’s Central Bank Tells Alipay And Banks To Crackdown On Cryptocurrencies
China’s central bank has ordered Ant Group and four state-owned banks to step up their clampdown on cryptocurrencies as Beijing intensifies its efforts to eradicate transactions involving bitcoin and other digital currencies.