
Electric vehicle and allied sector stocks extended their losses in the week ending May 6, caught in the vortex of the broader market sell-off seen in the final two sessions of the week. Chinese EV stocks led the week's retreat amid fears that they could be potentially delisted from U.S. exchanges. Arrival (NASDAQ:ARVL) and Romeo Power, Inc. (NASDAQ:RMO) bucked the downtrend, as company-specific news catalyzed northward moves.
Here are the key events that happened in the EV space during the week: