Electric Car

Chinese electric vehicle (EV) maker NIO (NYSE: NIO)  was facing a tough year in 2019, when financial constraints combined with a plummeting stock price forced a delay in the release of its first production all-electric sedan, which was expected to be released that year.

Looking at recent Chinese auto stocks, one of the hottest companies is none other than BYD.

At its fall communication meeting on November 1, Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI) responded to the recent Li Auto ONE collisions by announcing two hardware upgrades.

Chinese electric vehicle maker NIO (NYSE: NIO) is in the process of setting up an overseas division, tentatively codenamed "Marco Polo Project", to sell its models in Europe, according to a report by Chinese media iyiou.com.

Following a triple-digit jump in net profit in the second quarter, BYD's third-quarter results ushered in even stronger growth, which is expected to push the company's annual earnings to finally bottom out.

Ark Invest analyst Tasha Keeney recently pointed out that there are still major differences between NIO and Tesla, which means that the former's prospects may not be so easy to judge.

BYD shares traded in Hong Kong rose as much as 300% during the year.

NIO, Li Auto, XPeng, and WM Motor are the stars of the current crop of China's emerging electric car companies, and NIO in particular has recently gained popularity in the capital markets.

Tesla's Full Self-Driving (FSD) set of features now costs $10,000 to get, up $2,000 from before, according to Tesla's US website.

In the US stock market, there is a special group of stockholders. They were convinced by the charisma of the founder, and believed that its future could be comparable to Tesla.