Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade ahead of all important jobs report. The Dow Jones jumped more than 100 points on Wednesday, while the S&P 500 registered another record closing high in the earlier session.
Chinese electric vehicle maker Li Auto Inc (NASDAQ: LI) on Thursday reported a jump in quarterly deliveries helped by strong demand for its six-seat, large premium electric SUV Li One, its only vehicle on sale currently.
Electric vehicle manufacturers experienced volatility in the first half of the year, mirroring the trend in the broader market.
The stocks pulled back in early March, dragged by the tech-induced market downturn. Sentiment toward EV stocks continued to remain cautious amid worries concerning the global semiconductor shortage and increasing competition.
Chinese electric vehicle maker Nio Inc (NYSE: NIO) said on Thursday deliveries more than doubled in June on a year-on-year basis, and climbed back sharply sequentially despite the ongoing global semiconductor chip shortage.
It's time for electric vehicle manufacturers to announce quarterly delivery numbers.
Chinese EV stocks have picked up momentum in June and have seen strong gains for the month, and forthcoming delivery numbers may have a say in deciding if the rally has further legs.
Chinese electric vehicle maker Xpeng Inc. (NYSE: XPEV) is set to raise $1.8 billion in its Hong Kong listing, Reuters reported Tuesday, citing two people with direct kn