On the Hong Kong stock market for new energy vehicles, Leapmotor fell 3.4%, Chery fell 1.6%, Guoxia Tech rose 2.5%. The charging/power distribution infrastructure sector follows policy more closely and had its own independent logic today.
Leapmotor and Chery are waiting for clarity on the European tariff narrative, while small-cap stocks like Guoxia Tech are waiting for accelerated domestic policy implementation. The direction is all new energy, but the catalysts are completely different 🙃
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