Analysis: Impact of March Plummet on EV Stocks Li Auto, VinFast, and XPeng
Thursday, 4 April 2024, 15:43
Li's about-face stuns EV investors
Shares of Li Auto (NASDAQ: LI) plunged in March following disappointing monthly deliveries and a downwardly revised guidance for its new Li MEGA electric minivan.
XPeng under pressure amid competitive market
Despite beating analyst estimates, XPeng (NYSE: XPEV) faced scrutiny over decelerating growth and compressed gross margins, exacerbated by a major shareholder's stake sale.
- VinFast vulnerable to competition and price wars
- U.S.-based shareholder Yorkville Advisors sold stake in VinFast amid regional EV competition, signaling challenges in Southeast Asian markets.
Will EVs recover from the downturn or face further disappointments? The future of EV investments remains uncertain amidst market struggles and intense competition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.