China EV Stocks Tumble Amid Concerns Over Slowing Sector Growth
- Li Auto shares fall the most since March to lead declines
- Concerns about growth outlook for next year damp appetite
Customers visit a Li Auto showroom in Shanghai in 2021.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Shares of Chinese electric-vehicle makers plunged in Hong Kong on Friday amid rising concerns about the sector’s growth outlook.
Li Auto Inc. shares fell 15%, the largest drop since March, leading the losses among Chinese electric-vehicle start ups. Nio Inc. and XPeng Inc. tumbled over 6% while sector bellwether BYD Co. declined 3.7%.