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Chinese EV StocksBenzinga
•74% Informative
Chinese electric vehicle stocks NIO Inc (NIO) , XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) are trading higher Monday amid reports indicating China ’s cash-for clunkers trade-in program could boost electric-vehicle demand.
The program could translate into total EV sales to over 10 million in 2024 , Bloomberg reports.
Nio stock plunged 64% , XPeng 58% in the last 12 months as they battled a domestic price war and U.S. and EU protectionist tariffs.
VR Score
67
Informative language
64
Neutral language
63
Article tone
formal
Language
English
Language complexity
41
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
3
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