ADNT - Electric vehicle stocks keep gaining as world leaders talk climate at summit
The rally in electric vehicle stocks is accelerating as the COP26 climate summit in Scotland focuses attention back on the release of carbon into the atmosphere. The optimistic mood also follows Tesla (TSLA +5.2%) securing more lithium product supply and opening up its Supercharger network to other EVs in a pilot program in the Netherlands. Strong EV sales in China reported for October is also boosting sentiment. Within the sector, Hyzon Motors (HYZN +18.4%) stands out. HYZN is catching attention for unveiling its first zero-emission, fuel cell electric commercial coach in Brisbane, Australia last week. The 50-passenger coach has a range of up to 430 miles and motor power of 350 kilowatts. It is reported to be the first in a ten-coach order to be supplied into Australia. EV stocks that have broken even higher from their earlier gains include Volta (VLTA +12.4%), Fisker (FSR +8.3%), Blue Bird Corp (BLBD +9.8%),
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Electric vehicle stocks keep gaining as world leaders talk climate at summit