5 EV Winners Of Trump’s Softened Stance On China Tariffs

3. ZEEKR Intelligent Technology Holding (NYSE:ZK)

ZEEKR stock shot up nearly 4% yesterday as Trump softened his stance on China tariffs. The company is a strong competitor of Nio in China and continues to threaten competition through strategic collaborations with US companies.

The company was established in 2021 and immediately met success when it collaborated with Waymo for the development of robotaxis. Later, it also started working with Mobileye (MBLY) and CATL. These partnerships say a lot about the company’s technology which continues to evolve and pose serious competition to both Nio and Tesla.

The stock’s recent downfall could be attributed to restructuring as well as an underwhelming performance compared to peers. The stock is risky but with the backing of Geely Automobile, a majority shareholder, the stock could make a comeback soon.