Chinese Stocks Dominate Monday’s 10 Worst Performers

8. Li Auto Inc. (NASDAQ:LI)

Li Auto declined for a fourth day on Monday, shedding 6.76 percent to finish at $21.51 apiece as investors disposed of Chinese stocks amid the escalating trade tensions between the US and China.

In recent news, LI announced its entry into the Philippine market as demand for electric vehicles in the country continues to rise. It tapped HomeAuto Inc. as its official distributor in the country.

Notably, the Philippines is LI’s first market in Southeast Asia to offer its range of family-oriented range-extended EVs.

“We are thrilled to introduce Li Auto’s innovative smart electric vehicles to the Philippines,” said Stone Yu, CEO of HomeAuto Inc. “The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and growing interest in modern technology. Filipinos’ strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.”