Phate Zhang

CALB's first filing did not mention the amount it plans to raise, but media reports previously suggested its IPO could raise up to $1.5 billion.

Xpeng said these user speculations are not factually correct and will invite users to its stores for testing to dispel the doubts.

By the close of trading, Nio was down 14.14 percent in Hong Kong, Xpeng was down 22.2 percent, and Li Auto was down 19.6 percent. The Hang Seng Tech Index plunged 11.03 percent, the biggest one-day drop.

Like the brand's first model, the Voyah FREE SUV, the Dream MPV will be available in an all-electric version as well as a version with extended-range technology.

The BYD Seal is seen as the most direct challenger from BYD to the Tesla Model 3.

The move marks Xpeng's long-term commitment to accelerating the electrification of Europe and adhering to a sustainable strategy, it said.

Norges Bank increased its position in Nio by 31 percent, increased its position in Li Auto by 990 percent and cut its position in Xpeng by 20 percent in the fourth quarter.

Shares of Evergrande NEV Group traded in Hong Kong have pulled back about 96 percent from their all-time high at the end of February last year.

With the inclusion in the list, investors in the Chinese mainland will be able to trade Li Auto shares more easily.

Rumors of Tesla acquiring other car companies' production lines and building a second factory in China are popping up amid severe capacity constraints.