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Automakers Squeezed after Midday; BYD, Li Auto, XPeng Slide Over 4-5%
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2022/01/19 14:24
Automakers were squeezed drastically across the board today, except EVERG VEHICLE (00708.HK), which rose 1% to $3.98. The sector plunge deepened after midday, with XPENG-W (09868.HK) and LI AUTO-W (02015.HK) slumping 5.3% and 4.3% to last at $179.7 and $116.9.

Blue chip BYD COMPANY (01211.HK) tumbled 4.1% to $255. GEELY AUTO (00175.HK), DONGFENG GROUP (00489.HK), GAC GROUP (02238.HK) and GREATWALL MOTOR (02333.HK) dived over 2%-3%.

Related NewsC Suisse Adds BYD COMPANY (01211.HK) TP to $368, Rating Outperform

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