Why Blink Charging, Li Auto, and Kandi Technologies Rose Monday
Shares of electric vehicle (EV) charging network stock Blink Charging (NASDAQ: BLNK) continued to soar Monday after more than tripling in just the past month. Shares rose 48% today. Chinese EV companies Li Auto (NASDAQ: LI) and Kandi Technologies (NASDAQ: KNDI) were also higher today, up 14.5% and 23.8%, respectively.
All three companies are seeing ongoing investor interest from being in the EV sector. There is also some recent company-specific news. Li Auto reported quarterly earnings on Nov. 13, and deliveries of its Li One SUV are growing exponentially. The company aims for a somewhat unique segment of the Chinese EV auto market.
Li Auto One SUV. Image source: Li Auto.
Source Fool.com
