Shanghai New Power Automotive Hits Day High with 9.97% Surge

Shanghai New Power Automotive Technology Co., Ltd. has experienced a significant surge in its stock performance, gaining 9.97% on February 26, 2026. The stock reached an intraday high of CNY 11.14, marking a notable achievement in a challenging market environment. In comparison to the broader market, the company's one-day performance stands out against the China Shanghai Composite, which declined by 1.26%. Over the past week, Shanghai New Power Automotive has shown a robust increase of 6.1%, and its one-month performance reflects a remarkable growth of 29.23%. Year-to-date, the stock has surged by 82.92%, significantly outperforming the China Shanghai Composite's modest gain of 2.85%. Despite these short-term gains, the company faces underlying challenges, including a decline in net sales and operating profit over the past five years. The current market capitalization stands at CNY 9,662 million, placing it within the large-cap category. Investors may want to consider these factors as they assess the company's position in the automobile industry.