Shares of popular Chinese stocks rose premarket, with XPeng Motors (XPEV. N) rising more than 10 percent, Bilibili (BILI. O), Li Auto (LI. O) rising nearly 5 percent, JD.com (JD. O) rising 4.4 percent, and Pinduoduo (PDD. O), Baidu (BIDU. O), and Alibaba (BABA. N) rising more than 2 percent.
XPeng Motors (XPEV. N) extended its pre-market gains to 5%.
XPeng Motors (XPEV. N): 14,036 smart electric vehicles were delivered in August, up 3% year-on-year and 26% month-on-month. 77,209 smart electric vehicles were delivered in the first eight months of 2024, up 17% from the same period last year.
XPeng Motors (XPEV. N) 2024 Q2 revenue 8.11 billion yuan, the same period last year 5.06 billion yuan.
XPeng Motors (XPEV. N) expects to deliver between 41,000 and 45,000 vehicles in the third quarter.
New energy vehicle stocks rose, with XPeng Motors (XPEV. N) and Lucid Group (LCID. O) rising 8%, NIO (NIO. N) rising more than 7%, Li Auto (LI. O) rising 6.4%, and Stellantis (STLA. N) rising 1.22%.
Nasdaq China Golden Dragon Index fell 4%, popular Chinese stocks generally fell, Bilibili (BILI. O) fell more than 13%, NIO (NIO. N) fell nearly 10%, XPeng Motors (XPEV. N) fell more than 8%, Li Auto (LI. O) fell more than 6%.