RLX Technology (RLX) Stock: Why The Price Surged Today

By Amit Chowdhry ● Nov 12, 2021
  • The stock price of RLX Technology Inc (NYSE: RLX) increased by over 15% pre-market today. This is why it happened.

The stock price of RLX Technology Inc (NYSE: RLX) increased by over 15% pre-market today. Investors appear to be responding positively to the Chinese government organizing a meeting on the national standards of e-cigarettes.

RLX Technology is a leading branded e-vapor company in China. And the company utilizes in-house technology, product development capabilities, and in-depth insights into adult smokers’ needs to develop superior e-vapor products. 

According to sources with Westmoney, the recent meeting involved the whitelisting of additives allowed for e-cigarette liquids and a large number of fruit flavors cannot be produced and sold. And the maximum limit of nicotine is 20 mg/ml and the atomization temperature is less than 350°C. Plus the herbal cartridges on the market may be identified as solid electronic cigarettes.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.