Li Auto Inc (NASDAQ:LI) and Xpeng Inc – ADR (NYSE:XPEV) shares are trading lower by 11.40% to $16.36 and lower by 14.33% to $6.70, respectively, going into the close of Wednesday’s session. Shares of several Chinese companies are trading lower amid lockdown measures in Guangzhou due to a rise in COVID-19 cases.
New coronavirus cases rose in Guangzhou and other Chinese cities while nationwide, new locally transmitted infections climbed to 7,475 on Nov. 7, reported Reuters.
Additionally, China’s producer prices dropped into deflation for the first time in close to two years with the producer price index falling 1.3% in October, reported Bloomberg…Read More
According to data from Benzinga Pro:
LI has a 52-week high of $41.49 and a 52-week low of $12.52
XPEV has a 52-week high of $56.45 and a 52-week low of $6.18
