HSI Sags 143 Pts; Nio & XPeng Slip

$Hang Seng Index (800000.HK)$ opened 143 pts or 0.8% lower at 18,032; $Hang Seng China Enterprises Index (800100.HK)$ opened 41 pts or 0.7% lower at 6,410; $Hang Seng TECH Index (800700.HK)$ 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. $GEELY AUTO (00175.HK)$ sagged 1.1%. $BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ sagged 1.1%. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ sagged 1.1%. $EVERG VEHICLE (00708.HK)$ 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.