EVGO - EV roundup: Nio Arrival ChargePoint GM and Tata Motors break out; sleepy day for Tesla

ChargePoint Holdings (CHPT +4.4%), Blink Charging (BLNK +3.7%), EVGo (EVGO +1.7%) and Workhorse Group (WKHS +4.5%) are some of the electric vehicle stocks gaining today on hopes that there is forward momentum with the infrastructure legislation. It is also a strong day for Chinese electric vehicle stocks Nio (NIO +7.4%), XPeng (XPEV +6.5%), Li Auto (LI +4.9%) and Kandi Technology (KNDI +2.8%) as part of a mini-surge in the China tech sector. Startups Arrival (ARVL +9.3%), Faraday Futures Intelligent Electric (FFIE +9.4%), Electrameccanica Vehicles Corp. (SOLO +4.2%) and Ayro (AYRO +6.6%) are also big gainers as sentiment swings positive. Tesla (TSLA +0.5%) and Lucid Motors (LCID -0.2%) are underperforming the sector on the day, while General Motors (GM +4.4%) is showing a delayed reaction to its big analyst day reveals. Of note, Nikola (NKLA +6.3%) also trades at a 10-day high after inking a hydrogen deal with TC Energy. The

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EV roundup: Nio, Arrival, ChargePoint, GM and Tata Motors break out; sleepy day for Tesla