• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»EV Charging Stock Soars On Earnings, While China EV Stock Hits Fresh High
Finance

EV Charging Stock Soars On Earnings, While China EV Stock Hits Fresh High

August 3, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
EV Charging Stock Soars On Earnings, While China EV Stock Hits Fresh High
Share
Facebook Twitter LinkedIn Pinterest Email

EVgo (EVgo) soared on earnings Thursday while Li Auto (LI) hit a fresh high ahead of its earnings, due next week.




X



Among Li’s China EV startup peers, Nio (NIO) and Xpeng (XPEV) rebounded.

EVgo Stock

Late Wednesday, Los Angeles-based EVgo posted $50.6 million in revenue for the second quarter, beating estimates. A loss of 8 cents per share was also less than expected.

In addition, the electric vehicle charging network raised its revenue guidance for the full year. Revenue from its private label eXtend unit for businesses made up roughly two-third’s of total revenue during the quarter.

EVgo stock soared nearly 24% to 5.24 in Thursday’s stock market action. EVgo stock tumbled in the past year and remains well below the August 2022 high of 12.65.

Li Auto Stock

China’s Li Auto extended its rally to a fifth day with earnings due early Tuesday.

The maker of premium hybrid-electric vehicles is expected to deliver a strong second quarter on the back of robust EV sales, which exceeded the high end of its guidance for the period. A clear leader among China startups this year, Li earns a spot on the IBD 50 list of top growth stocks.

Outlook may matter more than Q2 performance. Analysts at Deutsche Bank expect Li to guide to Q3 deliveries of around 100,000 units on strong demand for the L7 and L8 SUVs. That would be up from 86,533 units in Q2. Investors will also watch for updates on a price war in China’s EV market this year.

Shares of the China EV stock popped 4.7% to 46.48 Thursday. Li stock made another new 52-week high intraday after more than doubling year to date. Shares are up 130% since Dec. 31.

See also  Mongolia at Davos 2025: AI and Emerging Industries

Startups Li, Nio and XPeng on Tuesday all disclosed momentum in July EV sales. Li Auto’s deliveries topped 30,000 for the second straight month in July.

Nio stock popped 7.9% Thursday, while XPeng stock gained 4.6%.

Shares of Nio and XPeng lagged Li stock but are starting to see an uplift. Both laggard EV stocks have more than doubled from their 52-week lows as anticipation builds for a stronger second half of 2023 on the back of new models.

Xpeng reports Aug. 18. Nio has not announced a date for earnings.

YOU MAY ALSO LIKE:

These Are The 5 Best Stocks To Buy And Watch Now

Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks

Find The Latest Stocks Hitting Buy Zones With MarketSmith

Why This IBD Tool Simplifies The Search For Top Stocks

Looking For The Next Big Stock Market Winners? Start With These 3 Steps

Charging China Earnings Fresh high hits soars stock
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Trump’s Tariffs Trigger Turmoil In China As Country’s Economic Tailspin Intensifies Per New Data

May 6, 2025

American Manufacturers Overwhelmed With Orders After Trump’s Tariff Crackdown On China

May 5, 2025

110 Short Graduation Quotes for High School Seniors and University Graduates in 2025

May 5, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Did LeBron James receive $800 million deal from Guangdong Tigers?

June 1, 2023

One Killed, Several Injured in Major Train Derailment

April 7, 2023

Will spectators be able to attend reserve day on same ticket?

May 29, 2023

Analysts love these EV stocks — and give them up to 100% upside

September 10, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

How To Quit Your Bad Habits

February 21, 2024

‘Utter Banality in Text Form:’ Zuckerberg’s Threads Algorithm Is Driving People Crazy

July 11, 2023

Parent’s Rights Group Moms for Liberty Compared to KKK in VICE Hit Piece

May 25, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.