Dashed Stimulus Hopes Drive Chinese EV Stocks Down

China’s economic landscape is getting more and more complicated for electric vehicle (EV) producers. Most recently, government officials confirmed that the nation will not be issuing an additional round of stimulus for the second half of 2024. As a result, many companies are struggling in the market today, including prominent Chinese EV stocks.Many Chinese automakers are still recovering from a highly volatile July and so far, August isn’t off to a good start. Indeed, the outlook appears questionable at bes ...