Li Auto Stock

Xpeng is down 11 percent in the US this month, compared to Nio's 4 percent decline and Li Auto's 2 percent gain over the same period.

Li Auto's move seems to be a preparation for its capital needs in the coming years. As of March 31, it had cash reserves of RMB 51.19 billion

Li Auto launched its new SUV, the L9, on Tuesday, and Citi raised its price target on the company.

Tiger Global increased its stake in Xpeng by 120.33 percent and in Li Auto by 167.35 percent in the first quarter. The fund does not own any shares of Nio.

The mainland-Hong Kong stock connect includes two channels, Shenzhen and Shanghai, and Li Auto's shares traded in Hong Kong were included in the Shenzhen channel last month.

Li Auto said that inclusion on the list is not equivalent to delisting from the US and that it will not have any impact on the company's actual business operations.

The 17 companies are the fifth to be added to the list, and they have until May 12 to provide evidence to the SEC that they are not eligible for delisting.

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

Joining the index means they will have access to passive inflows from those ETFs that track the index.

Point72 increased its holdings in Xpeng by 695 percent in the fourth quarter, but sold all of its shares in Li Auto. It does not hold shares of Nio.