U.S. stock market anomaly | Chinese new energy vehicle stocks rise, Ideal Automotive (LI.US) up more than 7%

According to the Securities Times app, on Thursday, Chinese new energy vehicle stocks rose. As of the time of publication, Li Auto (LI.US) rose by over 7%, Nio (NIO.US) rose by over 8%, and Xpeng Motors (XPEV.US) rose by over 2%. On the news front, at the State Council executive meeting held on July 16, relevant departments heard a report on the regulation of the competition order in the new energy vehicle industry. The meeting proposed to focus on promoting the high-quality development of the new energy vehicle industry, and to address various irrational competition phenomena in the industry with a combination of long-term and comprehensive measures, effectively regulating the competition order in the new energy vehicle industry.