US Stock Market Move | Chinese new energy vehicle stocks fell, NIO Inc. Sponsored ADR Class A (NIO.US) dropped more than 7%.

On Thursday, Chinese new energy vehicle stocks fell, as of press time, XPeng, Inc. ADR Sponsored Class A (XPEV.US) dropped more than 7.6%, NIO Inc. Sponsored ADR Class A (NIO.US) dropped more than 7%, and Li Auto, Inc. Sponsored ADR Class A (LI.US) dropped more than 4%. On the news front, Cui Dongshu announced that after the decline in market share of traditional fuel vehicles due to the impact of new energy vehicles, the seasonal pace of the new energy vehicle market has weakened due to the decrease in the size of the initial purchase group, changes in the purchasing demographic, and changes in the new energy channel, making the "non-peak season not light" characteristic more and more pronounced.