EV-related stocks spark up on passage of $1 trillion infrastructure bill

Electrameccanica Vehicles

08/11/2021 15:16

** Shares of EV-related companies climb on boost from U.S.
congressional passage of long-delayed $1 trillion infrastructure
bill that President Joe Biden will soon sign into law in a
formal ceremony  urn:newsml:reuters.com:*:nL1N2RW13P
    ** The $1 trillion infrastructure plan includes combined
spending plans of $15 bln on electric vehicle chargers, electric
school buses, low-emission buses and ferries and other
infrastructure  urn:newsml:reuters.com:*:nL1N2RW1CT
    ** EV charging and battery tech cos Spanish EV charger maker
Wallbox  WBX.N , Romeo Power  RMO.N , QuantumScape  QS.N ,
ChargePoint Holdings  CHPT.N , Nuvve Holding Corp  NVVE.O ,
Volta Inc  VLTA.N , Blink Charging  BLNK.O  and EVgo  EVGO.O  up
between 3.5% and 16.2%
    ** Pennsylvania Department of Environmental Protection (DEP)
also awards EVgo several grants to install new high powered 350
kW DC fast charging stations  urn:newsml:reuters.com:*:nBw1QGhXGa
    ** Canadian electric school bus manufacturer Lion Electric
Co  LEV.N  and California-based Proterra Inc  PTRA.O  climb 5.3%
and 20.4%, respectively 
    ** Heavy electrical equipment maker Pioneer Power  PPSI.O 
surges 102% on launching its E-Boost portfolio of mobile
electric vehicle charging solutions for full range of
applications  urn:newsml:reuters.com:*:nPn96zSDca
    ** EV makers Li Auto  LI.O , Arcimoto  FUV.O , Nio  NIO.N ,
ElectraMeccanica Vehicles  SOLO.O , Canoo  GOEV.O , Lightning
eMotors  ZEV.N , Nikola  NKLA.O , Lordstown Motors Corp  RIDE.O 
and Lucid Group  LCID.O  add between 2% and 8.8% 
    ** However, Tesla Inc  TSLA.O  slips 4.2% after Twitter
users vote for its chief Musk to sell about ~10% of his stake
 urn:newsml:reuters.com:*:nL4N2RZ1XQ 

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))