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Tesla’s Giga Shanghai Plant To Shut Down, Ford European Manufacturing Plans, Toyota Stumbles Upon Launch: Week’s Top News From EV Industry

The return of risk appetite to the market helped electric vehicle stocks rebound in the week ending June 24. Most stocks, barring some second-rung EV manufacturers, posted strong gains. The gains were led by the Chinese trio as they extended their rally amid an inflection in sentiment toward Chinese stocks in general.

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Tesla Hikes Prices Yet Again, Nio Stock Gets Going With New Vehicle Launch, Toyota At Odds With Shareholders: Week’s Top News From EV Industry

Electric vehicle stocks continued to head lower in the week ending June 17, with macroeconomic concerns weighing down on the industry. Stocks came under significant selling pressure ahead of the Fed decision but saw a relief rally on Wednesday post the decision. Further selling followed on Thursday, and stocks moved back up on Friday to end flat to slightly higher.

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