News Formal

Chinese EV stocks surge as Morgan Stanley sees room for near-term gains

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Chinese EV stocks surge as Morgan Stanley sees room for near-term gains

) jumped Friday after Morgan Stanley analysts released notes covering the stocks, stating they see the share prices rising over the next 15 days.

The bank said the three stocks are "Research Tactical Ideas" and that it believes their share prices "will rise in absolute terms over the next 15 days." The firm also noted that on April 26, China's Ministry of Commerce announced it would offer Rmb7k and Rmb10k subsidies to consumers who trade in their old vehicles and buy a qualifying ICEV or NEV model, respectively, which the bank believes bodes well for overall sector demand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley urges investors to buy 'post-earnings weakness' in Apple stockMorgan Stanley urges investors to buy 'post-earnings weakness' in Apple stock
Source: Investingcom - 🏆 450. / 53 Read more »