FSR - Electric vehicle stocks rally after Tesla-Hertz deal and XPeng event

The electric vehicle sector is off to a strong start with an announcement by Hertz Global this morning on an order of 100K Tesla Models 3s stoking enthusiasm once again. Hertz commercials featuring Tom Brady talking about EVs begin today. Other positive developments include the Tesla Model 3 being the top-selling vehicle in Europe last month and Tesla lifting prices across its model portfolio in the U.S. In China, XPeng (XPEV +7.1%) outlined details of its advanced driver assistance system, supercharger network and even a flying car at a technology event over the weekend. Notably, XPeng expects to complete the major layout of the X-Power supercharger system by 2023. The system will consist of supercharging network, commuter charging network and highway supercharging network. The Chinese automaker also plans to roll out the next generation of its ADAS to drivers in select cities during the first half of 2022. XPeng plans

For further details see:

Electric vehicle stocks rally after Tesla-Hertz deal and XPeng event