Shares of several Chinese companies, including Nio Inc – ADR (NYSE:NIO), Li Auto Inc (NASDAQ:LI), Xpeng Inc – ADR (NYSE:XPEV), Alibaba Group Holding Ltd – ADR (NYSE:BABA) and Pinduoduo Inc – ADR (NASDAQ:PDD) are all trading higher Thursday afternoon following recent pullbacks.
Chinese names are trading higher despite ongoing concerns of policy tightening in the wake of positive economic sentiment and ongoing U.S.-China tensions and regulatory concerns following a large fine on Alibaba have also weighed on Chinese stocks in recent weeks.
See also: How to Buy Nio Stock
Companies in the broader auto and auto components space are also trading higher Thursday amid sector strength for the session after Ford Motor Company (NYSE:F) Wednesday unveiled the new F-150 Lightning EV.
