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EV Stocks Up: LI, NIO Release New Models, FDX Gets Delivery From GM

·4 min read
EV Stocks Up: LI, NIO Release New Models, FDX Gets Delivery From GM
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China-based electric vehicle maker Li Auto introduced its new model L9 SUV on Tuesday, following a similar introduction from peer Nio last week — with both companies aiming to dominate China's auto market. Meanwhile, Jefferies analysts cut its sales forecast for the industry in the wake of supply constraints from Covid and slow economic recoveries. Li Auto is challenging Tesla to be the top name for luxury EVs in China.