Why Nio and XPeng Shares Dropped but ChargePoint Rose
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By Howard SmithKEY POINTS EV charging infrastructure is expanding in both Europe and the United States. Nio just shipped the first power-swap station from its new base in Hungary. XPeng has officially launched its latest model, the G9 SUV, and has high hopes for it. Nio and XPeng both recently had new launches, but macroeconomic conditions look to be hitting the stocks.What happenedChinese electric vehicle (EV) makers Nio($NIO Inc.(NIO)$ )and XPeng($XPeng Inc.(XPEV)$ )have both made recent announcements about expanding their businesses, but investors are punishing the stocks today anyway. Shares of U.S.-based EV charging company ChargePoint Holdings, on the other hand, had been rising. Charge