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

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.