Investment management firm Primecap Management that manages assets worth over $148.84 billion, significantly raised its exposure in the Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) and also added Alibaba Holdings (NYSE:
EVs are the future, and industry stakeholders are working overtime to increase the penetration of these environmental-friendly vehicles. Increasing the uptake of EVs is seen as one major way of meeting climate goals and make the earth a friendlier place to live.
Here are the key developments that happened in the EV space this week: