Why Are Chinese EV Stocks XPEV, LI, NIO Down?

PandoraHaggai
2022-09-08
  • Chinese electric vehicle (EV) stocks aren't doing so hot today.
  • Macroeconomic factors also aren't helping matters.

Source: Ilija Erceg / Shutterstock

Chinese electric vehicle (EV) stocks are slipping on Tuesday asmacroeconomic factors affect the companiesalongside lockdown news.

First off, note that the economy is still suffering as a recession, inflation and rising interest rates weigh on markets. However, that’s not all of the bad news that companies in China are dealing with today.

A bigger factor that could be affecting Chinese EV stocks are lockdowns in their home country.

The lockdowns currently affect 33 cities and more are likely on the way. This has been a blow to Chinese stocks today with the ongoing lockdowns having a negative impact on the country’s economy.

Let’s see how this news is affecting Chinese EV stocks

Chinese EV Stocks Falling

  • Xpeng(NYSE:XPEV) stock starts us off today with the company’s shares falling
  • Li Auto(NASDAQ:LI) shares are next on the list with the company’s shares slipping slightly
  • Nio(NYSE:NIO) closes out our Chinese EV stocks down today with a dip

$XPeng Inc.(XPEV)$

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Comments

  • pete13
    2022-09-08
    pete13
    Thanks for sharing.
    Hope it picks up quickly
  • JosHi5
    2022-09-11
    JosHi5
    ok
  • ChooiLing
    2022-09-11
    ChooiLing
    ok
  • YWTan
    2022-09-11
    YWTan
    👍
  • ASHLEYLIM
    2022-09-10
    ASHLEYLIM
    👌
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