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The Xchange Newsletter

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Can Earnings Recharge Electric Vehicle Stocks?

January 24, 2023

It’s been a mixed bag for the electric and self-driving vehicle businesses. Industry bellwether Tesla Inc. (NASDAQ: TSLA) recently, cutting prices on its electric vehicle (EV) models clearly signals falling demand. On the other hand, Chinese high-end EV manufacturer NIO Inc. (NYSE: NIO) and battery producer Contemporary Amperex Technology Co. Limited recently announced a five-year agreement to create a new battery supply system and team up on other initiatives. 

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