American depositary receipts of Chinese electric-vehicle makers NIO, Li Auto, and XPeng are under more pressure after an editorial in a Chinese news outlet called out some problems with the local EV industry.
NIO (ticker: NIO) ADRs are down about 0.5% in early Monday trading. Li Auto (LI) ADRs are down 0.3%, and XPeng (XPEV) ADRs have fallen 1.7%. The S&P 500, for comparison, is down about 0.2%. The Dow Jones Industrial Average is off about 0.1%.
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NIO, Li Auto, XPeng EV Stocks Are Under Pressure. Here's Why. - Barron's
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