Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are imminent as companies race to grow market share.

Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are imminent as companies race to grow market share.

Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are imminent as companies race to grow market share.