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The Chinese electric vehicle market has once again attracted global attention. Following the astonishing order volume achieved by Xiaomi cars last year, another domestic electric vehicle brand, YU7, was launched yesterday, with orders surpassing 280,000 units in just one hour, sparking heated discussions in the market. This news quickly transmitted to the Capital Market, with related stocks opening today with a big pump of 8%, once again setting a new historical high.
Meanwhile, the upstream and downstream of the industrial chain and related concept stocks have also strengthened, showing investors' strong confidence in the development prospects of China's electric vehicle industry. This phenomenon inevitably reminds people of the grand occasion when Xiaomi's car was launched last March, when it received 88,000 orders in just 24 hours, resulting in a big pump of 10% in Xiaomi's ADR on the US stock market.
However, as the new energy vehicle industry is booming, the cryptocurrency market seems to be somewhat quiet. Some investors are starting to expect whether Bitcoin can also experience a similar rise, injecting new vitality into the market. This cross-industry comparison reflects the current investors' attention and expectations regarding the performance of different asset classes.
Overall, the impressive performance of Chinese electric vehicle companies in the international Capital Market not only demonstrates the strong capability of China's new energy vehicle industry but also provides new investment opportunities for global investors. At the same time, this phenomenon has also sparked people's thoughts and expectations regarding the future performance of other asset classes.