US Stock Market Move | Shares of concept stocks of new energy vehicles rose in early trading, with Rivian (RIVN.US) rising more than 8%.

On Monday, the concept stocks of new energy vehicles rose in early trading, with Rivian (RIVN.US) up more than 8%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) up more than 7%, NIO Inc. Sponsored ADR Class A (NIO.US) up more than 5%, Stellantis (STLA.US) up more than 4%, and Tesla, Inc. (TSLA.US) up more than 3%. In terms of news, since the outbreak of the conflict, the price of US oil futures has risen by more than 31%, while the price of Brent oil futures has risen by over 30%. Analysts at Goldman Sachs Group, Inc. pointed out that the rise in oil prices will accelerate the popularity of electric vehicles in the global market, while the downward trend in lithium prices continues to improve the economic efficiency and pricing competitiveness of batteries.