LCID - Electric vehicle roundup: Tesla Rivian lead as traditional automakers plan 13 US battery plants by 2025

The electric vehicle sector is seeing mixed results despite strong results by Tesla (TSLA +4.2%) and Rivian (RIVN +6.4%). Last week, the Department of Energy reported that 13 new U.S. electric vehicle battery plants are announced and expected to be operational by 2025 in addition to Tesla's Austin gigafactory. The opening of battery plants by traditional automakers Ford (F +2.8%), General Motors (GM +0.9%), Stellantis (STLA +1.8%), Toyota (TM +1.2%), and Volkswagen (OTCPK:VWAGY -0.4%) highlights the shift from ICE vehicles to EVs. Other notable gainers include Hyzon Motors (HYZN +5.7%) and Lucid Group (LCID +2.0%). Meanwhile, Nio (NIO -1.4%), Nikola (NKLA -0.7%), Xpeng (XPEV -0.6%), Li Auto (LI -2.4%), and Workhorse (WKHS -4.3%) are in the red. Tesla is on the way to its largest four-day gain since March but is still down 3.7% in December. If the loss holds, it will be Tesla's worst month since falling nearly 12% in May

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Electric vehicle roundup: Tesla, Rivian lead as traditional automakers plan 13 US battery plants by 2025