Li Auto Stock Down 7%

Shares of Li Auto Inc. (LI) are currently down 7% on Wednesday's trading despite no-stock related news from the company to hurt the shares.

LI is currently trading at $23.58, down $1.76 or 6.93%, on the Nasdaq. The stock opened its trading at $24.32 after closing Tuesday's trading at $25.34. The stock has traded between $16.86 and $41.49 in the past 52-week period.

Li Auto, also known as Li Xiang, is a Chinese electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou.

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