Shares of Li Auto Inc. fell further Wednesday, quickly reversing course after the Beijing-based company reported a monthly record of deliveries in November, as the stocks of other China-based electric vehicle makers also continued pulling back.
Li Auto’s stock
dropped 2.9% in premarket trading, erasing an earlier gain of as much as 5.1%. That puts it on track to add to the four-day streak of losses through Tuesday, in which it tumbled 20.7%, since closing at a record $43.96 on Nov. 24.
The company reported late Tuesday that it delivered 4,646