Chinese electric car startup Nezha has been grabbing eyeballs after claiming it made 152,000 vehicle deliveries in 2022, surpassing 122,486 deliveries by Nio Inc (NYSE:NIO).…
Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining over 1%, as investors and traders braced for the release of the minutes of the Federal Reserve meeting.
Electric vehicles may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared in terms of stock price.
What Happened: Some of the prominent EV players in the listed space have seen as much as 80% drop in their stock price since the beginning of the year.
Tesla, Inc. ended 2022 as the worst-performing mega-cap stock, with some of the weakness attributable to worries concerning a slowdown in demand, especially in its key market, China.