The relatively young electric vehicle industry has seen massive gains in the past few years as the world at large moves towards zero-emission vehicles and green, renewable energy. While American electric car (“EV”) company Tesla has seen its stock price surge over the course of 2020 and 2021, making it the most valuable car company in the world, Chinese EV makers have been right behind. Just last week, a surge in their stock prices added a cumulative $13.65 billion in value to China-based EV companies that are listed on Wall Street.
The increase in stock price is part of an extensive rally among technology stocks at Wall Street, with Tesla’s shares seeing a 20% surge in price the same week. Additionally, a report by Reuters stating that Chinese EV makers Li Auto, NIO and Xpeng Motors could be allowed to get a secondary listing on the Hong Kong stock exchange this year was partly the reason for the jump in share prices. This has been a popular approach…
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