Chinese EV stocks surge on export boom and domestic demand revival.

Breaking News: Chinese Electric Vehicle Stocks Are on Fire, But Don't Get Too Excited Just Yet, Folks. As the Hong Kong market takes a nosedive, EV stocks are somehow, miraculously, defying gravity. Nio is up 6.6% to HK$52, BYD is climbing 5.6% to HK$111, and it's like the entire EV industry is experiencing some sort of collective epiphany. But what's really going on here?