US Stock Market Move | Huiyang New Energy (EPOW.US) closed up more than 11%, marking the largest increase in five months.

Recently, China's assets have performed strongly, driving the strong rise of Chinese concept stocks listed in the US. Among them, EPOW.US closed up more than 11% on Monday, marking the largest increase in five months. Data shows that on Monday, A-shares hit multiple records, with the Shanghai Composite Index hitting a new high in 10 years, and the Nasdaq China Golden Dragon Index has been on a rising trend since August. In terms of individual stock news, Huoyang New Energy recently announced that the company has reached a joint venture agreement with SDH (HK) New Energy Tech Co., Kekecely Ltd, and Simple Cloud Technology to establish Alchemistica Inc. in the state of Delaware, USA. The total registered capital of the joint venture is $1 million, aiming to support Huoyang New Energy's expansion in the US market, focusing on research and development, marketing, and localization production in the energy sector. Huoyang New Energy and its subsidiaries will hold 71% of the joint venture, which is expected to strengthen its competitive position and operational capabilities in the US market.