Buy or bye Chinese EV stocks?

The Chinese electric vehicle sector has appeared to turn the corner with supportive government policies being rolled out to put the economy on the right footing for recovery and an EV tariff agreement between the China and EU in sight. Hence, a rebounce may be in sight for the Chinese EV sector. In fact, I believe the current stock prices of the Chinese tech stocks $BYD COMPANY(01211)$ , $NIO Inc.(NIO)$  , $Li Auto(LI)$  , $XPeng Inc.(XPEV)$  and $XIAOMI-W(01810)$   are not doing justice to their fundamentals and may present opportunities to participate in their long-term growth.

The Chinese tech stocks have been undervalued after the past selldowns and are trading on attractive metrics. Even though cheap stocks can become even cheaper and despite impending heightened tariffs threatened to be imposed by the incoming new US President, I believe that they are nearer to their support levels than to their resistance lines. With the Chinese government launching new measures to renew growth in the technology sector that has been important to boost employment, I'll be patient with the Chinese technology stocks for their long-term growth, even when I brace myself for more near-term volatilities.

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