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Chinese electric carmakers add $13.65 billion in value as Tesla surges

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A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China.

VCG | Visual China Group | Getty Images

GUANGZHOU, China — Three U.S. listed Chinese electric carmakers added a collective $13.65 billion of value on Tuesday as their stock prices surged.

The Chinese start-ups — Nio, Xpeng Motors and Li Auto — followed their American rival Tesla higher.

Tesla shares surged nearly 20% on Wednesday as technology stocks on Wall Street rallied overnight.

On Tuesday, Nio closed 17.44% higher at $41.35, Li Auto was up 8.2% at $23.08 and Xpeng Motors rose 11.33% at $29.97.

The electric vehicle makers were also given a boost by a Reuters



Source cnbc.com

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