Why Li Auto, VinFast, and XPeng Plunged in March

It wasn't a great month for EV stocks, especially these Asian OEMs that disappointed the world's largest market.Shares of Chinese electric vehicle (EV) stocks Li Auto (LI 0.07%) and XPeng (XPEV 2.69%), as well as Vietnamese EV maker VinFast (VFS 1.24%), plunged in March, down 34%, 18.6%, and 16.8%, respectively, according to data from S&P Global Market Intelligence.Expectations may have been high for this cohort heading into the month. After all, Li Auto crushed its fourth-quarter earnings report in Februar ...