US Stock Market Move | New energy vehicle concept stocks are generally rising, Li Auto, Inc. Sponsored ADR Class A (LI.US) up more than 5%

On Monday, the Chinese concept stocks of new energy vehicles rose across the board, with Li Auto, Inc. Sponsored ADR Class A (LI.US) up over 5%, NIO Inc. Sponsored ADR Class A (NIO.US) up over 3%, and XPeng, Inc. ADR Sponsored Class A (XPEV.US) up nearly 3%. On the news front, on September 15, the China Association of Automobile Manufacturers (CAAM) issued the "Code of Conduct for Payment of Accounts Payable by Automobile OEMs and Suppliers". On that day, 17 key OEMs including FAW, Dongfeng, Changan, SAIC, BAIC, GAC, JAC, Chongqing Sokon Industry Group, Chery, Geely, Great Wall, BYD, Xiaopeng, NIO, Leapmotor, Xpeng, and Xiaomii Car all stated that they will actively implement the code of conduct, build a collaborative and win-win development ecosystem between OEMs and suppliers, and jointly promote the high-quality development of the automotive industry.