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Benzinga
Benzinga
Business
Shanthi Rexaline

EV Week In Review: Tesla Has Good News On Shanghai, Nio's Plans Amid Delisting Risk, And This Auto Giant Renews EV Leadership Pledge

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:

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