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Chinese EV and Solar Stocks Soared This Week

TheMotleyFool

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Chinese EV and Solar Stocks Soared This Week: https://g.foolcdn.com/editorial/images/792947/sports-car.jpg

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 (NASDAQ: LI) jumped as much as 14.9% in trading this week, Zeekr Intelligent Technology (NYSE: ZK) rose 30.3%, and Daqo New Energy (NYSE: DQ) jumped 19.8%.

Not only have the Chinese stimulus plans been a tailwind, Li and Zeekr also announced their deliveries for September 2024, and they weren't as bad as feared. The pop may not last if China's economy doesn't improve, but for now, these stocks are flying high.

Image source: Getty Images.

Source Fool.com