US Stock Market Move | New energy vehicle stocks are generally rising, with Li Auto, Inc. Sponsored ADR Class A (LI.US) up more than 5%.

On Monday, Chinese concept stocks of new energy vehicles rose across the board, with Li Auto, Inc. Sponsored ADR Class A (LI.US) rising by more than 5%, NIO Inc. Sponsored ADR Class A (NIO.US), and XPeng Inc. (XPEV.US) rising by over 3%. According to data from the China Passenger Car Association, in April, the retail sales of new energy passenger vehicles reached 849,000 units. In that month, the market penetration rate of new energy vehicles in the overall domestic passenger car market was 61.4%, an increase of 9.7 percentage points compared to the same period last year, and an increase of 9.6 percentage points from the previous month. In April, the penetration rate of new energy vehicles in self-owned brands was 80.1%; in luxury brand cars, it was 26.1%; and in mainstream joint venture brands, it rose to 14.1%. In terms of automakers, according to statistics from the China Passenger Car Association, Chinese companies with passenger electric vehicle sales exceeding 50,000 units in April included BYD Company Limited (182,000 units), GEELY AUTO (95,600 units), Chongqing Changan Automobile (64,500 units), and LEAPMOTOR (57,200 units). In addition, Xiaomi Auto, CHERY AUTO, SAIC-GM-Wuling, Li Auto, Inc. Sponsored ADR Class A, and Hongmeng Zhihang had monthly sales of new energy passenger vehicles exceeding 30,000 units in China.