2023-07-26 14:46:00 ET
In early afternoon trading, the S&P 500 is struggling to recover from a drop earlier in today's session. Electric vehicle (EV) stocks are treading a less rocky road thanks to an announcement from carmakers that is powering excitement for several upstart EV companies: Rivian (NASDAQ: RIVN) , Lucid (NASDAQ: LCID) , and Nio (NYSE: NIO) .
As of 1:57 p.m. ET, shares of Rivian and Nio are up 6.1% and 10.2%, respectively, while Lucid is up 3.1%, paring back its earlier gain of 6.6%.
EV drivers throughout North America will soon have greater access to charging stations thanks to a new plan announced by General Motors and six auto industry partners: BMW , Honda, Hyundai, Kia, Mercedes-Benz , and Stellantis .
For further details see:
Why Shares of Rivian, Lucid, and Nio Popped Today