$LI is down -8.5% today and this is an Chinese company that has been executing perfectly and excelling. So if $LI is struggling, I suspect $XPEV and $NIO will feel it too.
$LI has not broken down yet from its structure but going below the blue line at $24.39 will be an alarm bell, because a company performing so well and still getting killed from its share price means that there is a large sector issue....$TSLA also showing this too.
So there could be a fall down to the bottom blue line here too at $12 if $24 is not held.
No chinese EV's are a buy right now for me.