HSI Sags 143 Pts; Nio & XPeng Slip

$Hang Seng Index.HK$ opened 143 pts or 0.8% lower at 18,032; $Hang Seng China Enterprises Index.HK$ opened 41 pts or 0.7% lower at 6,410; $Hang Seng TECH Index.HK$ opened 31 pts or 0.8% lower at 3,724.

China Passenger Car Association (CPCA) said that passenger car exports fell 9% MoM last month. $GEELY AUTO.HK$ sagged 1.1%. $BYD COMPANY.HK$ and $LI AUTO-W.HK$ sagged 1.1%. $NIO-SW.HK$ and $XPENG-W.HK$ sagged 1.1%. $EVERG VEHICLE.HK$ shares opened 11.6% lower after Evergrande New Energy Vehicle (Tianjin), a subsidiary of EVERG VEHICLE, was ordered to stop producing and selling new energy vehicles.