Chinese EV Stocks Fall After Weak January Sales

Hong Kong-listed Chinese electric vehicle (EV) makers experienced declines in early Monday trading following the release of weak January sales data on Sunday.

Several prominent automakers saw their shares fall, with Nio Inc. dropping 5.44%, Xpeng decreasing 7.89%, Li Auto down 2.50%, and BYD sliding 4.5% in Hong Kong.

Other companies such as Geely Auto, GWM, Leapmotor, and Chery also recorded declines.

January Sales Performance

BYD

The new energy vehicle (NEV) leader sold 210,051 vehicles in January, marking a 30.11% year-on-year decrease. As a key player, BYD's performance often reflects broader industry trends.

Xpeng

Delivered 20,011 vehicles in January, a 34.07% year-on-year reduction and a 46.65% month-on-month decrease.

Li Auto

Reported 27,668 deliveries in January, representing a 7.55% year-on-year decline (its eighth consecutive monthly drop) and a 37.47% decrease from December.

Xiaomi EV

Delivered