Chinese electric car shares to heaven | Finansavisen

Elon Musk has stepped up the electric car track with Tesla, which has climbed 486 percent so far this year, and is now part of the S&P 500 index.

But there are Chinese electric car manufacturers that make Tesla’s price development look narrow-minded. The largest price rocket among electric car shares is Chinese Nio, which is listed on the New York Stock Exchange.

Close your eyes – the stock has climbed 1,127 percent since the turn of the year and is up a formidable 2,582 percent in one year. The market value of the company is now $ 53.4 billion, compared to Tesla’s value of $ 465 billion.

Nine, however, is far behind Tesla on the track and in the third quarter, the company delivered 12,206 cars, losing $ 139.3 million on operations. Turnover increased 146 percent in the quarter to $ 666.6 million.

More rockets

However, several Chinese electric car manufacturers have used the strong investor sentiment to go public on the New York Stock Exchange. In August this year, the newcomer Xpeng was listed at a price of 15 dollars per. action.

On Friday, the price closed at 54.24 dollars, after a price increase of almost 13 percent. In three months, the price increase is 262 percent. The company is now valued at $ 22.5 billion.

At the end of July, Chinese Li Auto went public and the stock has skyrocketed. The listing price was $ 11.50 and now the stock is trading at $ 38.25 – which means a price increase of 233 percent. The market value of is 25.2 billion dollars.

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