Bloomberg EV Price Return Index Rises 3.59% on June 12, Tesla Rival Rivian Up 7.85%

On Friday, June 12, the Bloomberg Electric Vehicle Price Return Index rose 3.59% to 3,785.58 points. The index opened higher in Beijing time at 08:00 and consolidated around 3,760 points before noon, with gains slightly expanding after U.S. market open.

Among key constituents, Vale Indonesia surged 10.30%, ITM Energy jumped 8.98%, and Rivian climbed 7.85%. The index posted a 0.07% gain for the week, forming a W-shaped pattern.