XPEV - Electric vehicle stocks hammered amid China woes but Lucid Electric Last Mile and Li-Cycle stand tall

The electric vehicle sector is down more than the broad market in afternoon trading with almost every name in negative territory besides outperformers Li-Cycle Holdings Corp. (LICY +10.3%), Lucid Group (LCID +3.4%) and Electric Last Mile Solutions (ELMS +0.1%). Li-Cycle attracted a jolting bullish initiation from Wedbush Securities today and Lucid is still riding high from its +500 mile range range rating from the EPA last week. Some of the heaviest selling pressure is around Chinese automakers Li Auto (LI -8.0%), XPeng Motors (XPEV -7.2%), Nio (NIO -7.4%) and Kandi Technologies Group (KNDI -6.3%) with the concerns over increase regulation from Beijing hanging over the market. Tesla (TSLA -4.6%) is pretty much in the mild of the EV pack without any positive catalysts in the immediate future to take the focus of the China threat. Too much of a sell-off? The Global X Autonomous & Electric Vehicles ETF (DRIV -4.4%)

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Electric vehicle stocks hammered amid China woes but Lucid, Electric Last Mile and Li-Cycle stand tall