AVZ solid! One of the reasons I believe is that the market understands that AVZ monster lithium/tin resource will soon be a reality, and is not just pie in the sky.
AIMO
Meanwhile good news for EV'S!China EV Sales
Early Wednesday, China EV startupsXpeng(XPEV),Li Auto(LI) andNio(NIO) reported abig increase in monthly sales as chip shortages start to ease for the industry. China EV giantBYD Co.(BYDDF) should follow in a few days, withTesla(TSLA) China sales and exports likely due in a week or two.Nio, Xpeng and Li Auto reported November deliveries on Wednesday. All three China EV startups have struggled with chip woes and other supply chain issues in 2021, but there are signs those issues may be starting to ease.
Nio delivered 10,878 vehicles in November, 106% above a year earlier. That's up sharply from October deliveries of just 3,667 amid production line shutdowns to prepare for new models. Nio has expected to deliver 23,500-25,500 EVs in the fourth quarter, little changed vs. Q3.
Xpeng delivered 15,613 EVs, up 270% vs. a year earlier and 10,138 in October. It had forecast Q4 deliveries of 34,500-36,500, well above Q3's 25,666.
Li Auto delivered 13,485 Li One hybrid SUVs in November, up 190% vs. a year earlier and a big increase from 7,649 in October. Li said in Monday's Q3 earnings report that it expected Q4 deliveries of 30,000-32,000.
Nio stock rose 4% early Wednesday, signaling another test of its 200-day line. Shares gave up 3.3% to 39.13 on Tuesday.
Xpeng stock popped nearly 4% in premarket trade after jumping 7.1% to 55 on Tuesday. XPEV stock is now extended from the 48.08 buy point or a 50.50 alternate entry.
Li Auto stock revved almost 6% higher before the open. That's after climbing 2.8% to 35.44 on Tuesday and 6.4% on Monday following Li Auto earnings. Shares are above a 34.93 buy point.
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