$CHERY AUTO(09973.HK) rose over four percentage points, a rare bullish pattern among Hong Kong-listed automakers. Its overseas expansion narrative has always been its distinguishing feature compared to others. $Rivian Automotive(RIVN.US), on the other hand, is trending downward. U.S. electric vehicle demand hasn't found its bottom yet after subsidy rollbacks 🤔

Both are EVs, but one relies on overseas volume growth while the other is dragged down by weak domestic demand.

How long can this mirror image last? The key variable isn't the two companies themselves; it's tariffs. The day the overseas expansion story hits trade barriers, the narratives on both sides will need to be rewritten. I'm still bullish on the $CHERY AUTO(09973.HK) line in the short term, as the quarterly export data shows no signs of weakening yet.