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EV Week In Review: Industry Sinks With Broader Market, Musk Hints At Earnings Call Appearance, Nio’s Deliveries Rebound, Toyota Teams Up With Buffett-Backed BYD

EV stocks were swathed in a sea of red in the week ending Dec. 3, with the Omicron variant threat and fears concerning a potential delisting of Chinese EV makers responsible for much of the weakness. The sell-off in the U.S.-listed Chinese EV stocks came despite the companies churning out encouraging November delivery numbers.

AWS

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EV Week In Review: Tesla Hikes Prices Amid Supply Chain Challenges, XPeng Impresses With Q3, Rivian Sounds Out R13 Delay, LA Auto Show And More

EV stocks were mostly lower in the holiday-shortened week ending Nov. 26, with much of the weakness attributed to the late-week across-the-market sell-off due to fears over a "more serious" COVID-19 variant strain originating in South Africa. U.S.-listed Chinese EV startups however, managed to carve out gains for the week.

FSR

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EV Craze Alters Auto Industry Landscape: Rivian Now More Valuable Than Volkswagen, Lucid Overtakes Ford’s Market Cap

The EV revolution has pushed to the forefront nimble pureplay electric vehicle startups that have managed to win investor confidence in huge measure. This is evident in the massive valuation some have built up even as the companies are yet to start or have just started commercial operations.

AMZN