Switchback Energy Acquisition Corp (SBE) is up 10% today after President elect Biden mentioned creating 550,000 EV charging stations. SBE has been on my radar for a while being that they are merging with ChargePoint who reportedly has an 44% US market share of all charging stations and they are due to complete their merger on the 15th of December. I currently have a position averaging around $17 while looking to add if it goes below $15 or above $23.
I started hearing a lot about NIO after they were given a 1.4 billion dollar bailout from China. With the goal of China to have 25% of it's new vehicles sales by 2025 to be EV along with strong growth in it's stock I finally decided to buy into the Chinese EV manufacturer. Starting my position at $27 and slowly scaling into a position I am currently holding with my average trade price at $31. Looking for possible adds when it's either above $43 or below $36.