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Why 3 Electric Vehicle Stocks Collapsed Today

Why 3 Electric Vehicle Stocks Collapsed Today

Electric vehicle (EV) stocks suffering some of the greatest damage, with Chinese EV company Kandi Technologies (NASDAQ: KNDI) crashing 9.6% and Spartan Energy Acquisition (NYSE: SPAQ), which aims to bring Fisker public, falling 10.6%. Kensington Capital Acquisition (NYSE: KCAC), which will take the Bill Gates-backed lithium-battery maker QuantumScape public in a reverse-merger IPO, collapsed 11.8%.