Which EV stock is the most popular in China?

However, the Shanghai-based company has grown rapidly to become arguably the most well-known Chinese EV stock. It is often referred to as the Tesla of China. NIO has traditionally been viewed as a premium/luxury EV brand, but the company has recently announced plans to launch new brands for more budget-conscious buyers.

What makes Chinese EV stocks so compelling?

It is simply a giant. International Energy Agency (IEA) Data shows 10 million EVs were sold across the globe in 2022. 60% of those sales were in China. So, China is by far the largest EV market in the world. What makes Chinese EV stocks even more compelling is the fact that over 99% of EVs sold in China are made in China.

Should you invest in Chinese EV stocks?

The Chinese EV stocks that stand out in this regarded are BYD Company, NIO, XPeng Li Auto, and Geely Automobile. However, if you’re sure you want to invest in Chinese EV stocks you should do your own in-depth research and remember any stock market investment comes with risk. The 14 Chinese EV stocks all investors must know about.