EV shares slid in Hong Kong as their deliveries dropped in November MoM. NIO fell over 5%; XPeng fell over 3%; Li Auto fell nearly 1%.

NIO delivered 36,275 vehicles in November, its second-highest monthly total on record behind October's 40,397 units. This represents a 76.31 percent increase from the 20,575 units delivered in the same month last year, but a 10.20 percent decrease compared to October.

XPeng delivered 36,728 vehicles in November, representing an 18.88 percent increase year-on-year but a 12.58 percent decrease month-on-month.

Li Auto delivered 33,181 vehicles in November, marking a 31.92 percent year-on-year decline and the sixth consecutive month of year-on-year contraction.