Cathie Wood Just Bought More of This Chinese EV Stock

Evan Niu, CFA, The Motley Fool
·3-min read
Cathie Wood Just Bought More of This Chinese EV Stock

Electric vehicle (EV) stocks have been getting battered for the last several months following a massive rally in late 2020. While there is little doubt that EVs represent the future of the auto industry, that revolution will take decades to play out due to long upgrade cycles and the relatively slow pace of technological innovation in areas such as battery development or charging speeds.