Here's why Nio, XPeng, Li Auto stocks are crashing

Just as EV stocks finally caught a breath amid entering historically the best month for sales and deliveries, a new challenge arose, causing Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) stocks all crashed in the pre-market.On June 12, the European Commission announced it would impose additional duties of up to 38.1% on imported Chinese electric vehicles starting next month. This move is likely to prompt potential retaliation from China.China’s commerce ministry stated it would closely monit ...