EVGO - Electric vehicle roundup: Arrival FuelCell Energy and Canoo rally; Berlin deliveries near for Tesla

Arrival Group (ARVL +8.5%) is the largest gainer in the electric vehicle sector in a session that is seeing startups outperform. Other EV gainers include Fuelcell Energy (FCEL +8.4%), EVgo (EVGO +5.1%), Canoo (GOEV +3.9%), Ballard Power Systems (BLDP +3.5%), ChargePoint Holdings (CHPT +4.6%), Li-Cycle Holdings (LICY +3.5%) and Fisker (FSR +3.2%). One of the biggest stories in the sector today is that China Evergrande New Energy Vehicle Group Limited (OTCPK:EVGRF) plans to deliver its first electric vehicle in the early part of next year despite the serious cash flow problems for the startup and parent Evergrande (OTCPK:EGRNF). In Tesla (TSLA +1.1%) world, Elon Musk says he expects the Tesla Model Y electric crossover to start being produced at the new Berlin Gigafactory next month. Wedbush Securities thinks that is a positive step for the automaker. Analyst Dan Ives: "Berlin will remove a major bottleneck for Tesla. Right now many

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Electric vehicle roundup: Arrival, FuelCell Energy and Canoo rally; Berlin deliveries near for Tesla