EV stocks rose in morning trading.Tesla,Nio,Xpeng Motors, Li Auto,Lordstown,TuSimple,Nikola and Niu Technologies climbed between 0.5% and 14%.
Lordstown Motors Corp., the electric-truck startup that acquired an Ohio car factory from General Motors Co., is near an agreement to sell the highly politicized plant to Taiwan’s Foxconn Technology Group after owning it less than two years, people familiar with the matter said.