NIO - Electric vehicle roundup: Tesla and Rivian in the spotlight supply chain worries weigh

The electric vehicle sector turned lower in early trading on Monday after COVID developments in China set off worries about more production halts and supply chain snarls that could impact production. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23,643 new local infections Shanghai were reported for April 16, of which 722 were from outside the quarantined areas. The city also reported 19,831 new daily asymptomatic COVID-19 cases on April 17, as well as three deaths to mark the first fatalities during the current COVID outbreak in the region Notable electric vehicle stock decliners included Mullen Automotive (MULN -11.6%), Volta Inc. (VLTA -6.3%), Aurora Innovation (AUR -4.5%), Electric Last Mile Solutions (ELMS -4.5%), QuantumScape (QS -4.9%), Rivian Automotive (NASDAQ:RIVN -5.9%), Proterra (PTRA

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Electric vehicle roundup: Tesla and Rivian in the spotlight, supply chain worries weigh