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Is the "Spring Fluctuation" market starting? Hong Kong stocks of New energy Fund have a short-term surge, and domestic brands' sales exploded in February.
① Hong Kong stocks of New energy Fund have seen a short-term rise; what bullish factors are catalyzing the market? ② Domestic brands saw explosive sales in February; what are the highlights?
Express News | In overnight trading, US-listed Chinese companies' shares rebound, Alibaba and Bilibili climb 3%, EV makers surge. XPeng rises 5%, Li Auto up 4%, NIO Inc soars 7%. US-listed Chinese ETFs trade higher.
The shares of Electric Vehicles are going against the market trend, with NIO (09866) rising by 4.62%. In the first two months, the cumulative retail volume of new Energy Passenger Vehicles increased by over 35% year-on-year.
Jinwu Financial News | Electric Vehicles partially rise against the trend, NIO (09866) up by 4.62%, Xpeng Motors (09868) up by 3.59%, LEAPMOTOR (09863) up by 2.89%, and Li Auto (02015) up by 0.18%.