Is ZEEKR Intelligent Technology (ZK) Among EV Winners of Trump’s Softened Stance on China Tariffs?

We recently published a list of 5 EV Winners Of Trump’s Softened Stance On China Tariffs. In this article, we are going to take a look at where ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) stands against other EV winners of Trump’s softened stance on China tariffs.

Donald Trump had a busy first day in office, revoking former President Biden’s executive orders and announcing new measures that continue to send shockwaves through multiple industries. One thing missing from his remarks was tariffs on China, something that was a big part of his election campaign.

Has Trump’s stance on China tariffs softened now? Is this a strategic move to tone down his aggressive stance on China in order to continue business relationships with the Asian country? We believe the President is intentionally taking a softer stance and this sentiment is echoed by Chinese stocks as well. We looked at some Chinese EV stocks that enjoyed a good day of trading in the absence of tariffs on China on Tuesday.

To come up with the list of 5 EV winners of Trump’s softened stance on China tariffs, we only considered stocks with less than a $25 billion market cap.

An iconic skyline of a major city, the towering buildings display the strength of the company’s regional banking success.

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) 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.

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) 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.

Overall, ZK ranks 3rd on our list of EV winners of Trump’s softened stance on China tariffs. While we acknowledge the potential of ZK as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ZK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.