US-listed shares of Chinese companies fell across the board in premarket trading on Tuesday, swept up in a global technology selloff that drove markets in Asia and Europe sharply lower.
Shanghai-headquartered EV maker Nio slipped 3.36% to $4.88, while Li Auto dropped 3.98% to $12.31 and XPeng lost 5.41% to $12.63 — marking the steepest decline of the three.
At those levels, XPeng and Li Auto were trading at fresh 52-week lows, while Nio held well above its own.
The selloff traced back to Monday’s session in New York, where large technology stocks led a pullback.
Alphabet fell about 5% while Amazon, Meta and Microsoft also closed lower.
Asian markets closed broadly lower on Tuesday.
South Korea’s tech-heavy Kospi index ended the day down 10%, triggering circuit breakers twice in a single session as selling accelerated into the close.
Chipmaker SK Hynix and Samsung Electronics, the heaviest weights in the index, both finished with losses of more than 12%.
Korea’s market, among the most exposed to the artificial-intelligence hardware cycle through its chipmakers, absorbed the steepest losses in the region.
Europe followed, with the pan-European Stoxx 600 shedding 1.3% in early trading.
That weakness carried into US premarket dealing.
Tesla fell 2.7%, Nvidia dropped 2.8%, Intel lost 6.3% and chipmaker AMD slid 5.1%.
Sentiment had already soured in Hong Kong, where Chinese equities slid into a bear market.
The Hang Seng China Enterprises Index fell around 2%, extending its drop to more than 20% from an October 2 peak, according to Bloomberg.
That selloff extended across the wider universe of US-listed Chinese stocks, with e-commerce and internet names sliding alongside the carmakers.
The Hong Kong Drop
China’s EV makers fell again in their home-region listings during the Hong Kong session.
Li Auto and XPeng each closed down 4.3%, at HK$48.32 and HK$49.36 respectively.
Nio fell 1.9% to HK$38.48, while BYD dropped 3.2% to HK$75.85.
Geely bucked the trend, rising about 2%.
Tuesday’s Hong Kong decline echoes a broad selloff on June 10, when Chinese EV stocks fell across the board and five names touched fresh 52-week lows.
That session paired a tech selloff with rising pressure from Washington, after the US Department of Defense added Nio and BYD to its Section 1260H list of “Chinese military companies” for the first time.
Even so, policy pressure on both sides of the Atlantic continues to frame the backdrop, with the European Union preparing to widen tariffs on China-made vehicles.
XPeng
XPeng‘s 5.41% premarket decline was the sharpest among the three.
The Guangzhou-based company had closed at $13.35 on Monday, a 1.06% gain, before giving back far more in early Tuesday trading.
At $12.63, XPeng was trading at a fresh 52-week low, slipping below its prior one-year floor of $12.97 and sitting roughly 55% beneath its 52-week high of $28.24.
The all-time closing high at $72.17 reached in November 2020, leaving the shares more than 80% below that peak.
XPeng has been the worst performer of the trio year-to-date, down about 35% in 2026 from its $20.47 close on December 31.
Bernstein cut its price target on XPeng to $20 from $22 on June 17, keeping a Hold rating.
Earlier this week, XPeng chairman and Chief Executive Officer He Xiaopeng was named an independent director on the board of Alibaba-backed Ant Group, where he will advise on AI strategy.
Li Auto
Li Auto entered the premarket session already under pressure, hours before launching its L8 Livis model in China.
The Beijing-based automaker had closed down 2.95% at $12.82 on Monday, then fell a further 3.98% to $12.31 before Tuesday’s open.
Back-to-back declines left Li Auto as the only one of the three to drop in both Monday’s regular session and Tuesday’s premarket.
The slide extended Li Auto to fresh 52-week lows, with Monday’s $12.82 close already below its prior one-year low of $13.17, set on June 18.
At Tuesday’s premarket level the shares stood about 60% below their 52-week high of $32.03, reached last July, and roughly 53% lower over the past year — the deepest one-year decline of the three.
Li Auto has fallen over 20T year-to-date, a steep drop but a shallower one than XPeng‘s.
HSBC recently lowered its price target on Li Auto to $15.60 from $17.20, reiterating a Hold rating.
The automaker is also set to launch the all-new L8 later on Tuesday, a refresh of one of its core SUVs.
The model comes in two variants — Ultra and Livis — and switches from the previous six-seat layout to five seats, with larger overall dimensions.
Li Auto has fitted the all-new L8 with an 800V active suspension system, a full-by-wire chassis, dual-chamber dual-valve CDC dampers, steer-by-wire technology and rear-wheel steering.
Nio
Nio, founded in 2014 by William Li and Lihong Qin, posted the smallest decline of the three, down 3.36% to $4.88.
At $4.881, Nio held up better on a one-year view, sitting about 39% below its 52-week high of $8.02 but well clear of the $3.34 low it touched in June 2025.
Alone among the three, Nio was not trading at a fresh 52-week low.
Nio is roughly flat in 2026, down about 1% year-to-date.
Nio‘s third-generation ES8 crossed 120,000 cumulative deliveries on Monday as its monthly pace steadied at about 30 days for 10,000 units.
That SUV anchors the brand’s premium volumes and underpins founder and Chief Executive Officer William Li’s pledge to reach full-year profitability in 2026.
Separately, the head of Onvo — Nio‘s family-focused sub-brand — said on Monday that selling vehicles had proved harder than building the company’s battery-swap network from scratch.
