On May 13, it was reported that auto stocks were falling collectively. As of press release,$XPENG-W (09868.HK)$decreased by 6.10% to HK$30.00;$LI AUTO-W (02015.HK)$decreased by 3.03% to HK$102.3;$NIO-SW (09866.HK)$It decreased by 3.90% to HK$39.45.

According to the news, according to data from the Passenger Transport Federation, the national passenger car market retailed 1,532 million vehicles in April, down 5.7% year on year and 9.4% month on month. Since this year, 6.364 million vehicles have been sold, an increase of 8.0% over the previous year. In April, the wholesale sales volume of passenger car manufacturers nationwide was 1.952 million units, up 9.8% year on year and down 11.2% month on month. Furthermore, according to reports, the US plans to impose quadruple tariffs on Chinese electric vehicles, which is expected to raise the tariff rate from 25% to about 100%.