2 EV Stocks in Focus After Delivery Numbers

Delivery Performance - Li Auto Inc delivered 40,856 vehicles in May, showing a 20.4% increase from April [1] - Nio Inc reported 23,231 vehicle deliveries, a decrease from 23,900 in April but a 13.1% year-over-year increase [1] Market Reactions - Li Auto's stock decreased by 2.3% to $27.69 despite strong delivery numbers and a price-target increase from Goldman Sachs to $35.30 from $31.70 [2] - Nio's stock fell by 0.8% to $3.51, marking its ninth loss in ten sessions, and is approaching its five-year low of $3.02 [3] Industry Context - The EV sector is experiencing a "price war," primarily attributed to BYD Auto, which has drawn criticism from the Chinese government [2] - The People's Daily criticized the "rat-race competition" in the EV market, indicating potential regulatory scrutiny [2]