Chinese EV and Solar Stocks Soared This Week
DQDaqo New Energy(DQ) The Motley Fool·2024-10-05 02:21

Can stimulus save the Chinese economy?There has been great news for companies based in China, and the EV and renewable energy sector reacted strongly this week. According to data provided by S&P Global Market Intelligence, Li Auto (LI 0.80%) jumped as much as 14.9% in trading this week, Zeekr Intelligent Technology (ZK -2.95%) rose 30.3%, and Daqo New Energy (DQ 7.86%) jumped 19.8%.Not only have the Chinese stimulus plans been a tailwind, Li and Zeekr also announced their deliveries for September 2024, and ...