The Bloomberg Electric Vehicle Price Return Index rose by 0.72%, closing at 2593.96 points
Among the constituent stocks, Nio Inc. in Hong Kong rose by 10.60%, MP Materials increased by 7.56%, Li Auto H shares rose by 2.58%, Geely Auto Holdings H shares rose by 2.28%, Sociedad Química y Minera de Chile (SQM) rose by 1.86%, and Zhejiang Leapmotor Technology H shares rose by 1.47%, ranking sixth.
Nidec Corporation, on the other hand, fell by 1.59%, ranking fifth from the bottom, Porsche P911 dropped by 2.11%, "Tesla's rival" Rivian fell by 2.15%, Plug Power dropped by 3.09%, and Volvo's European shares fell by 4.44% after announcing a $1.2 billion non-cash impairment due to Trump’s tariff issues
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