Shares of Chinese automakers are rallying on strong passenger car sales last week
STOCKS
Shares of Chinese automakers are rallying on strong passenger car sales last week
STOCKS

Shares of Chinese automakers are rallying on strong passenger car sales last week

Xpeng Motors is surging 11.5%, Nio and Li Auto gaining about 5%, Leapmotor and Great Wall Motors up more than 3%.

Data released by the China Passenger Car Association showed that retail sales of passenger cars in China reached 542,000 units in the week of Dec 12 - 18, rising 18% from a year earlier, up 44% from the previous week, and rising by 56% from the same period last month.

Wholesales volume of passenger vehicles reached 479 million . . .

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