EV stocks climbed in morning trading.Tesla, Lucid, NIO, Li Auto, Fisker and Arrival climbed between 1% and 5%.
The environmental ministry in the German state of Brandenburg is in the final phase of the approval process for Tesla's planned factory, a spokesperson said on Monday.
Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region.
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