Why Fisker, Hyliion, and Blink Charging Stocks Jumped Today
Shares of electric-vehicle (EV) maker Fisker (NYSE: FSR) jumped today after the company announced a manufacturing agreement with Magna International (NYSE: MGA). The stock was up 10% as of 3 p.m. EST, and shares of fellow EV maker Hyliion Holdings (NYSE: HYLN), and EV charging-station operator Blink Charging (NASDAQ: BLNK), were also up today, by 11% and 12% respectively.
Fisker and Magna had announced a framework for cooperation in October. Today, the companies said they have finalized a platform-sharing and initial manufacturing agreement for Fisker's fully electric Ocean SUV.
Source Fool.com
