Chinese EV Stocks Are Hitting the Gas in 2023
After the major stock market benchmarks finished last year down by sizable percentages, investors are hoping that 2023 will give them better results than they got in 2022. The extremely early indications are hazy. After opening Tuesday's trading session higher, Wall Street gave up some of its early gains, leaving the key indexes mixed as of 10 a.m. ET.
One area many investors have focused their attention on is the electric vehicle (EV) industry, particularly in the key market of China. Even as global automakers try to capture market share in the world's most populous nation, China's own EV specialists have more than held their own, and many investors see good things ahead for those companies in 2023.
Shares of most major Chinese electric vehicle manufacturers were up on Tuesday morning. Those gains followed upbeat releases on monthly sales for December, capping what for many of them has been a strong year on the production front.
Source Fool.com
