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China’s electric automakers have potential, but consultant warns ‘there’s bound to be a correction’

  • There's good reason to be investing in Chinese electric automakers, but their stock run-ups have been "sensational" recently, says Michael Dunne of ZoZo Go.
  • Nio's stock is up around 187% from the close of Oct. 13, 2020, while Xpeng's share price surged 176% over the same period. Li Auto saw its stock rise nearly 90% in the last three months.
  • Dunne also said these companies have to succeed at home first if they want to "really thrive."

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