Recent federal guidance from the U.S. Department of Transportation and the Federal Highway Administration has directed $5 billion toward establishing dependable electric vehicle (EV) charging infrastructure. This initiative aims to enforce quality standards for EV charging, reflecting existing practices implemented by Orion’s Voltrek division. With a significant portion of these funds still unallocated, it underscores a substantial opportunity for the wider deployment and maintenance of EV charging stations across the United States. This guidance comes as part of the National Electric Vehicle Infrastructure grant program, which focuses on state-level decision-making to bolster the country’s alternative fuel infrastructure.
In other trading, XPeng was a standout up 11.7% and closing at $22.75. This week, XPeng announced a significant year-over-year increase in Q2 revenue and narrowed its net loss, alongside issuing robust earnings guidance for Q3 2025. At the same time, Bizlink Holding lagged, down 3.7% to finish the session at NT$941.00. On Tuesday, the company reported significant year-over-year increases in both sales and net income for Q2 and the first half of 2025.
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NIO settled at $5.54 up 9.3%.
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BYD finished trading at HK$114.30 up 2.6%.
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Tesla settled at $320.11 down 1.2%.
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