Stung by the broader market weakness and deterioration in sentiment toward Chinese stocks, the EV sector closed the week ending Dec. 17 mostly in the red. Here are the key events that happened in the EV space during the week.

US equity futures rebounded from a modest overnight drop, coiled as investors have turned cautious ahead of a policy decision from the Federal Reserve which some such as DB's Jim Reid have called the "most important for Powell's career".