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Li Auto Stock Breaks Out As China Mulls Extending EV Subsidies, BYD Nears Buy Point

Li Auto Stock Breaks Out As China Mulls Extending EV Subsidies, BYD Nears Buy Point

Li Auto stock broke out Thursday as China mulled extending a tax break on purchases of electric cars. BYD stock neared a buy point. Other China EV stocks also advanced. EV startups Li Auto, Nio and Xpeng aspire to shake Tesla's dominance in the Chinese market for luxury electric cars.