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Shares of NIO Inc. traded lower Monday, reversing an early gain, after the China-based electric vehicle maker reported April deliveries that jumped more than 30% from a year ago, but fell sharply from March.
Among its China-based rivals, the shares of Li Auto Inc. rose while XPeng Inc.’s also turned red after the EV makers reported April deliveries.
NIO…
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This article was written by Follow Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future...
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