LI - HyreCar EVgo and Blink Charging rally while Chinese EV stocks Li Auto XPeng fall back

Chinese EV names Li Auto (LI -3.9%), XPeng (XPEV -1.6%) and Full Truck Alliance (YMM -4.2%) lag the broad electric vehicle sector today with the Biden Administration's support of EVs and infrastructure drawing some attention to U.S. names. The Biden electric car push drew the support of Ford, GM and Stellantis. Those automakers announced their shared aspiration to achieve sales of 40% to 50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030. The biggest gainers in the EV sector are HyreCar (HYRE +7.1%), EVgo (EVGO +6.0%), Blink Charging (BLNK +6.0%), Electric Mile Last Solutions (ELMS +4.0%), Chargepoint Holdings (CHPT +4.1%) and Fuelcell Energy (FCEL +3.2%) as some of the buzz from earlier this year over a Green Tidal Wave is recharged. Read more details on how Detroit majors and electric vehicle startups fit into Biden's green push.

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HyreCar, EVgo and Blink Charging rally while Chinese EV stocks Li Auto, XPeng fall back