Hypothesis test is a basic method in statistics and is the foundation for many superior methods. It has a wide range of applications in many subjects. Specifically, hypothesis test can be used to find connections and make predictions basing on known information when studying stock market. This article will mainly focus on the application of t-test and bootstrap hypothesis test in studying Chinese electric vehicle battery stock market, a stock market that is complicated and hard to study when using traditional methods. The effectiveness of the two methods will be tested by being used to study the distribution of P/E ratio of stocks in the market. It shows that bootstrap hypothesis test is a more reliable and effective method while t-test relies severely on some unrealistic assumptions and cannot reach at a conclusion at times. Finally, some conclusions will be made based on bootstrap hypothesis test and will also be examined to further confirm its accuracy.