Morgan Stanley Is Doubling Down on Chinese EV Stocks

Chinese EV stocks have been among the most beaten-down assets in the market. Whether we’re talking about Nio (NYSE:NIO), XPeng (NYSE:XPEV) or Li Auto (NASDAQ:LI), the declines many of these EV makers have seen since their peaks during the last hype-driven bubble have been stark to say the least.Unlike other major tech names, Chinese EV makers have seen diminished demand, as investors appear to be moving toward other technology sectors with more growth potential. Chinese demand has cooled, and price cuts hav ...