RMO - Electric vehicles stocks rally after Ford event Li Auto earnings
The electric vehicle sector is having a strong day after Ford's ([[F]] +6.5%) investor event shows a deep commitment from the legacy automaker to electrified models and connected services. Li Auto ([[LI]] +9.9%) also appears to have boosted sentiment by delivering higher revenue than anticipated for Q1. Notable gainers in morning trading include Workhorse Group ([[WKHS]] +9.0%), Kandi Technology ([[KNDI]] +7.9%), XPEL ([[XPEL]] +7.2%), QuantumScape ([[QS]] +9.5%), Hyliion Holdings ([[HYLN]] +6.2%), Romeo Power ([[RMO]] +4.1%), XPeng ([[XPEV]] +6.2%), Ayro ([[AYRO]] +5.4%), Nikola ([[NKLA]] +3.9%) and Fisker ([[FSR]] +2.7%).Also of note, Lordstown Motors ([[RIDE]] +4.9%) is breaking out of its recent slump after Morgan Stanley teased a potential Lordstown 2.0 pivot. Read the highlights of Ford's presentation today on its Ford+ strategy that includes new electrified models, OTA updates, charging services, full autonomy and new customer services.
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Electric vehicles stocks rally after Ford event, Li Auto earnings