Company Performance: Company's profitability, revenue growth, and debt levels directly affect investor confidence and stock price.

Industry Trends: The overall health and growth prospects of the new energy vehicle industry influence the stock's valuation.

Government Policies: Subsidies, tax incentives, and regulations related to new energy vehicles significantly impact the company's profitability and stock price.

Market Sentiment: General investor optimism or pessimism towards the stock market, and specifically towards the new energy vehicle sector, plays a role.

Raw Material Costs: Fluctuations in the prices of lithium, cobalt, and other raw materials used in battery production can affect the company's cost structure and stock price.

Competition: The competitive landscape within the new energy vehicle market, including the emergence of new players and innovative technologies, affects the company's market share and stock price.

Global Economic Conditions: Economic growth or recession in major markets influences consumer demand for new energy vehicles and, consequently, the company's performance and stock price.