NIO XPEV LI trading down on delisting fears


Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022.


U.S.-listed shares of Chinese electric vehicle makers opened sharply lower on Monday, under pressure with other Chinese companies’ U.S.-listed issues amid a new round of delisting fears.

Shares of Nio, XPeng, and Li Auto were all down over 10% in early trading on Monday. The three were still down 4.4%, 7.2%, and 10%, respectively, as of 10:55 a.m. EDT.

The Securities and Exchange Commission last week identified five Chinese companies with U.S.-listed shares that have failed to meet the audit requirements of the Holding Foreign Companies Accountable Act.

The act allows the SEC to delist and ban companies from trading on…


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