$NIO Inc.(NIO)$ share price climbing 2.8%, EV charging company $ChargePoint Holdings Inc.(CHPT)$ rising 3.6%, and EV battery company $Quantumscape Corp.(QS)$ jumping 6.1%.
Investors are hoping that easing inflation will cause the Federal Reserve to be less aggressive with its interest rate hikes.
There could be more short-term volatility from Nio, QuantumScape, and ChargePoint as investors try to determine where inflation is going and how the Fed will respond to it.
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