EV stocks rise as Biden administration holds meeting with industry leaders

SPI Energy Co

07/04/2022 11:19

** EV stocks rise after the Biden administration says senior
officials held a meeting with Tesla  TSLA.O  and General Motors
 GM.N  bosses to discuss electric vehicles and charging 
    ** TSLA and GM rise 2.2% and 0.7%, respectively
    ** Lucid Group  LCID.O , Rivian Automotive  RIVN.O , Nikola
 NKLA.O , Canoo  GOEV.O , Workhorse  WKHS.O , Lordstown Motors
 RIDE.O  and Proterra Inc  PTRA.O  all about up 1.7%
    ** EV charging and battery cos ChargePoint  CHPT.N ,
QuantumScape  QS.N , Blink Charging  BLNK.O , Nuvve Holding Corp
 NVVE.O , Romeo Power  RMO.N  rise 0.2% to 2%
    ** The Biden administration said in a statement "there was
broad consensus that charging stations and vehicles need to be
interoperable and provide a seamless user experience, no matter
what car you drive or where you charge your EV" urn:newsml:reuters.com:*:nL2N2W5032
    ** Chinese EV firms Nio Inc  NIO.N , Xpeng  XPEV.N  and Li
Auto  LI.O  rise between 0.7% and 2%
    ** Futures pointed to a respite for U.S. stocks on Thursday
after a sharp two-day selloff  .N 

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))