GOEV - Electric vehicle names rally as more partnerships targets revealed

Electric vehicle stocks are having a strong day as demand reports out of China and U.S. continue to be received favorably by investors. Word that Kia Motors and Apple could be partnering and a green light for Rivian vans in L.A. is also turning a spotlight on the sector. Gainers include Lordstown Motors ([[RIDE]] +9.4%), Nikola ([[NKLA]] +5.9%), Workhorse Group ([[WKHS]] +5.6%), Nio ([[NIO]] +4.8%), QuantumScape ([[QS]] +10.7%), Canoo ([[GOEV]] +4.4%), Ayro ([[AYRO]] +2.0%) and Li Auto ([[LI]] +2.2%). Decliners in the sector include Hyliion Holdings (HYLN) -6.67% (downgrade), -4.55%, GreenPower Motors Company (GP) -2.89% and Churchill Capital IN (CCIV) -8.05% (Lucid focus). In a flip of the normal auto industry universe, Tesla (TSLA) is down 1.81% on the day despite the EV good cheer, while General Motors (GM) +2.85% and Ford (F) +3.18% are higher as they continue to accelerate their EV plans.

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Electric vehicle names rally as more partnerships, targets revealed