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XPeng, BYD rally almost 7%; Tesla logs new high again

AAStocks ·  Nov 4, 2021 06:36  · Movers

$Tesla(TSLA.US)$'s share price notched a new record high again last night by peaking at US$1,215.39. It closed at US$1,213.86, up 3.6%.

HK-listed NEV makers boomed broadly in response this morning. $BYD COMPANY(01211.HK)$ surged 6.8% to $312.8, being the strongest blue chip. BYD's A shares rallied over 6% to peak at RMB322.58. BYD announced that the auto sales volume surged 88.4% YoY to 89,935 units in October.

$XPENG-W(09868.HK)$ recouped 6.7% to $193.2.

Other carmakers also ran well broadly. With target price lifted to $28 by Daiwa, $GEELY AUTO(00175.HK)$ mounted 2.1% to $26.2.

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