Popular Chinese concept stocks in U.S. stocks were mixed, and new energy auto stocks rose generally
At the close of the market on the 7th, the rose and fell in popular Chinese concept stocks were mixed.
Alibaba fell 0.97%, JD fell 0.99%, Pinduoduo fell more than 3%, Baidu fell more than 2%, Bilibili fell nearly 4%; Xpeng Motors rose more than 3 %, NIO and Li Auto rose more than 4%.
China's new energy auto stocks generally rose, Li Auto closed up 4.06%, Xpeng rose 3.37%, and NIO rose 4.15%. It is worth noting that Xpeng has gained over 19% in the month, Li Auto has gained nearly 17% in the month, and NIO has gained nearly 12% in the month.
On June 6, NIO President Qin Lihong responded to previous rumors about "Gemini", saying that this is the code name for a new product that the NIO brand will launch next year. Ma Lin, NIO's corporate public relations director, said that this will not be a low-end product, and NIO will maintain its high-end positioning.
In addition, Goldman Sachs raised the target price of Li Auto to US$62.
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