EV macro: Demand spikes

What happened: Gas prices surged due to the Iran war, making electric vehicles (EVs) more attractive. Amprius Technologies' (NYSE:AMPX) stock climbed 9.7% on April 6, driven by increased EV demand. Meanwhile, an Indian business delegation visited China to explore EV and renewable energy collaborations, highlighting India's fossil-fuel vulnerability.

Market impact: The EV sector is booming, with rising gas prices driving demand. This benefits EV manufacturers and related stocks like Amprius. The India-China talks signal potential growth in the EV charging and battery solutions sector.

What to watch next: Tesla's (NASDAQ:TSLA) Q1 earnings on April 26 will provide insights into EV demand trends. The Indian government's policy decisions on EV adoption and charging infrastructure, expected later this year, will also shape the narrative.