New US EV (Slate!) with a wild concept + China's booming EV market on display in Shanghai + Stellantis making battery progress. Lots happening! ⚡️🚗
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📉 Auto stocks hit hard! European automakers fell sharply as traders reacted to Trump’s tariff threats targeting Canada, Mexico, and China, sparking trade war fears. The auto sector slid 1.5%, with Stellantis (-4.6%) and Daimler Truck (-4.3%) leading losses, underperforming the STOXX 600 (-0.2%).