Dow Jones Newswires: China EV makers’ shares rise as Beijing plans further support for auto sector

Daily Trade

Shares of major Chinese electric car makers jumped in Hong Kong, as investors welcomed Beijing’s latest plan to launch more auto consumption stimulus measures.

NIO Inc. SG:NIO soared as much as 7.4% within an hour of trading, and shares were last up 6.7%. XPeng Inc. HK:9868 gained 2.8% and Geely Automobile Holdings Ltd. HK:175 added 2.5%. The U.S.-listed shares of NIO NIO and XPeng advanced 8.0% and 5.5%, respectively, on Wall Street overnight.

The…

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