Shares of Alibaba Group Holding Limited (NYSE: BABA) pared early gains and traded lower in Hong Kong on Wednesday, while Chinese electric vehicle makers Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE:
Ford Motor Co (NYSE: F) has doubled its production target for the F-150 Lightning pickup truck ahead of its 2022 launch and plans to spend an additional $850 million to meet that target, Reuters
Shares of Chinese electric vehicle makers Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV) continued to rise in Hong Kong on Tuesday, extending their gains from Monday’s trading session.
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The bygone week was fairly calm on the EV front after weeks of a robust flow of news amid the earnings season. Tesla, Inc. (NASDAQ: TSLA)'s Elon Musk, however, provided the excitement that could last for the week and more, with the EV maker's AI Day presentation.