Demand Fears Spur $13 Billion Selloff in Chinese EV Makers
- Li Auto, Xpeng and Nio decline about 6% or more this week
- Export slowdown fears and intensifying competition weighing
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The new year hasn’t started on a good note for Chinese electric-vehicle makers as their shares decline on growing fears of slowing demand.
The outlook for the sector has taken a beating as exports slow down and price wars intensified in an economic downturn.