Investors are hot for China's answer to Tesla. Shares of BYD (), a Chinese battery and electric car maker in which Warren Buffett is a major investor, have risen 55% over the past month. China's electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla's 836,000 yuan ($126,470) Model X in China. Tesla (Getty images)The transportation and automotive industries are going through enormous revolutions, as electric cars have entered the daily. 5 Stocks To Own For The Coming Electric/AV Car (Bloomberg) — China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion), giving investors a chance to bet more directly on the world’s largest market for new-energy vehicles. One Electric car company Nio's second day on the stock market was a lot more spectacular than its first. Shares in the Shanghai-based rival to Tesla () jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan (US$4.5 billion), giving investors a chance to bet more directly on the world’s largest market for new-energy vehicles.
Tesla (Getty images)The transportation and automotive industries are going through enormous revolutions, as electric cars have entered the daily. 5 Stocks To Own For The Coming Electric/AV Car (Bloomberg) — China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion), giving investors a chance to bet more directly on the world’s largest market for new-energy vehicles. One Electric car company Nio's second day on the stock market was a lot more spectacular than its first. Shares in the Shanghai-based rival to Tesla () jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%.
Investors are hot for China's answer to Tesla. Shares of BYD (), a Chinese battery and electric car maker in which Warren Buffett is a major investor, have risen 55% over the past month. China's electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla's 836,000 yuan ($126,470) Model X in China.
China's electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla's 836,000 yuan ($126,470) Model X in China.
10:10a Mastercard stock price target raised to $315 from $291 at Morgan Stanley. 10:08a LPL Financial started at buy with $96 stock price target at Jefferies. 10:08a Apache started at neutral with stock fair value estimate of $26 at MKM Partners. China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion), giving investors a chance to bet more directly on the world’s largest market for new-energy vehicles. One Investors are hot for China's answer to Tesla. Shares of BYD (), a Chinese battery and electric car maker in which Warren Buffett is a major investor, have risen 55% over the past month. China's electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla's 836,000 yuan ($126,470) Model X in China.