Why XPeng, Li Auto, and Kandi Technologies Stocks All Dropped Today
Chinese electric-vehicle (EV) makers XPeng (NYSE: XPEV), Li Auto (NASDAQ: LI), and Kandi Technologies (NASDAQ: KNDI) are seeing investor interest wane after being in the spotlight for much of 2020. Today, stocks of the three companies were down along with much of the EV sector in general.
At the close on Thursday, XPeng was down 2.2%, Li Auto fell 2%, and Kandi Technologies was 8.4% lower.
Some of the recent declines have followed disappointing earnings from peer NIO (NYSE: NIO) earlier this week. But stocks in these Chinese EV makers are all down since the start of the year, too.
Source Fool.com
