China EV ‘honeymoon’ is ending, Jefferies says; XPeng stock downgraded
November 28, 2022 at 13:56 PM EST
A "honeymoon stage" for electric vehicles in China is coming to an end, analysts at Jefferies said in a note Monday, highlighting EV makers BYD Auto and Li Auto as their top picks and downgrading their rating on XPeng Motors.
