US Stock Price Fluctuated | The stocks of new energy vehicles are showing mixed trends. NIO Inc. Sponsored ADR Class A (NIO.US) surged by over 2.7%.

On September 28th (Thursday), the stock prices of new energy car companies showed mixed results. As of the time of writing, NIO Inc. Sponsored ADR Class A (NIO.US) rose over 2.7%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose over 1%; Rivian Automotive (RIVN.US) fell over 3%, Lucid Group (LCID.US) fell over 2%, Tesla (TSLA.US) had a slight decline, and Li Auto, Inc. Sponsored ADR Class A (LI.US) fell 2.6%. On the news front, according to a report from Guazhi Consultancy, the global automotive chip shortage crisis is expected to ease in the first half of 2023, leading to a strong rebound in major global automotive markets. Compared to the same period last year, global automotive sales in the first half of this year increased by as much as 11.4%. This is mainly due to the poor market performance in the first half of last year, when global automakers were affected by COVID-19 and faced a shortage of semiconductor chips and automotive components. Guazhi Consultancy predicts that in 2023, with good upstream supply conditions in the global automotive market (including passenger and commercial vehicles), policy incentives from various countries will play a crucial role, leading to an estimated total sales of 85.5 million vehicles, a year-on-year increase of 7.3%.