{"id":77736,"date":"2024-03-12T22:58:55","date_gmt":"2024-03-13T03:58:55","guid":{"rendered":"https:\/\/equitynewsreport.com\/li-auto-outpaces-chinese-nev-stocks-on-strong-registrations-data\/"},"modified":"2024-03-12T22:58:55","modified_gmt":"2024-03-13T03:58:55","slug":"li-auto-outpaces-chinese-nev-stocks-on-strong-registrations-data","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/li-auto-outpaces-chinese-nev-stocks-on-strong-registrations-data\/","title":{"rendered":"Li Auto outpaces Chinese NEV stocks on strong registrations data"},"content":{"rendered":"<div readability=\"69\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Li Auto outpaces Chinese NEV stocks on strong registrations data\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/news\/LiAuto_800x533_L_1628868440.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com&#8211; Shares of Chinese New Energy Vehicle (NEV) maker <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Li Auto <\/span><\/span> Inc (HK:) rose on Wednesday, outpacing those of its local peers after the carmaker the third-highest number of insurance registrations for new vehicles in China over the past week.\u00a0<\/p>\n<p dir=\"ltr\">Li Auto\u00a0Inc (NASDAQ:) rose 4% in Hong Kong trade, rising past a 0.1% rise in the  index. In comparison, its peers <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Xpeng <\/span><\/span> (NYSE:) Inc (HK:) and NIO Inc (HK:) fell more than 1% each, while BYD (HK:) rose 1.1%.\u00a0<\/p>\n<p dir=\"ltr\">Li Auto had 9,300 insurance registrations for new vehicles in the week to March 10, Chinese website CNEVPost reported on Tuesday, citing data from Li Auto and other local EV makers.<\/p>\n<p dir=\"ltr\">The figure was a jump of about 3,100 registrations from the prior week, and saw Li Auto mark the third-biggest number of new NEV registrations in China, behind Tesla Inc (NASDAQ:) and BYD. BYD had\u00a0 49,100 registrations- the highest in the country, while Tesla had 13,200 registrations.<\/p>\n<p dir=\"ltr\">Insurance registrations are usually seen as an indicator of new vehicle sales by automobile makers.<\/p>\n<p dir=\"ltr\">Li Auto\u2019s higher registrations come as the NEV maker rolled out several new models in the past two weeks, and on Tuesday also announced price cuts for some of its mid-range models.\u00a0<\/p>\n<p dir=\"ltr\">But the price cuts come as Chinese NEV makers grapple with a bitter price war amid a broad rush to capture the world\u2019s largest electric vehicle market. Tesla had kicked off the price war about two years ago, but recently lost its spot as the world\u2019s best-selling EV maker to BYD.\u00a0<\/p>\n<p dir=\"ltr\">\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters Investing.com&#8211; Shares of Chinese New Energy Vehicle (NEV) maker Li Auto Inc (HK:) rose on Wednesday, outpacing those of its local peers after the carmaker the third-highest number of insurance registrations for new vehicles in China over the past week.\u00a0 Li Auto\u00a0Inc (NASDAQ:) rose 4% in Hong Kong trade, rising past a 0.1% rise in the index. In comparison, its peers Xpeng (NYSE:) Inc (HK:) and NIO Inc (HK:) fell more than 1% each, while BYD (HK:) rose 1.1%.\u00a0 Li Auto had 9,300 insurance registrations for new vehicles in the week to March 10, Chinese website CNEVPost reported [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77737,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50,48,49,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77736"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77736"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77737"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}