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3 Chinese Electric Vehicle Stocks Wall Street Predicts Will Rally 50% or More -Breaking

by Mike Robinson

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© Reuters. Wall Street Forecasts a Chinese Electric Vehicle Stocks Rally of 50% or More

The electric vehicle industry is growing because of rising government spending and an increasing emphasis on a transition to zero emissions. Wall Street analysts believe that China’s rapid adoption of electric vehicles will lead to a significant price rise in NIO (NIO), XPeng, XPEV and Li Auto (LI), respectively. Please continue reading for more details. Last year was a difficult year in the automotive industry. However, the increasing cost of fossil fuels and government initiatives to transition to a zero-emission environment should keep driving the electric vehicle (EV) industry’s growth. In addition, rising investments from automakers and the expansion of charging infrastructure are expected to play major roles in driving the EV market’s growth.

China, the leader worldwide in the production and selling of EVs saw a surge in EV consumers this year with a 177.6% year-over year increase. China saw a 16.8% increase in new-energy vehicles sales over the previous month.

Given this backdrop, we think it could be worth adding Chinese electric vehicles stocks NIO Inc. (NIO), XPeng Inc. (XPEV), and Li Auto Inc. (LI) to one’s watchlist. Wall Street analysts predict that they will rise by over 50% in the short term.

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