Why Li Auto, Blink Charging, and Switchback Energy Shares Are Dropping Today

Howard Smith, The Motley Fool
·2-min read
Why Li Auto, Blink Charging, and Switchback Energy Shares Are Dropping Today

Shares of Chinese automaker Li Auto (NASDAQ: LI) are down 6% as of 11:45 a.m. EST. Shares of EV charging station suppliers Blink Charging (NASDAQ: BLNK) and Switchback Energy Acquisition (NYSE: SBE) are dropping 8% and 3%, respectively. Recent investor excitement about EV companies was primed when several Chinese manufacturers reported October sales figures.