FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo
NEW YORK: Asian electric vehicle (EV)-related stocks jumped yesterday after a blockbuster order for Tesla Inc and a spinoff at BYD Co stoked optimism about the sector a day before battery giant Contemporary Amperex Technology Co reports earnings.
Shares followed bellwether Tesla’s lead as its stock surged 13% overnight after Hertz Global Holdings Inc placed an order to buy 100,000 Teslas, the single-largest purchase ever for EVs.
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