China's Tesla rival Li Auto makes HK debut after US$1.5bil IPO

Chinese electric carmaker Li Auto made a secondary listing in Hong Kong, though its value fell with investors increasingly jittery over China's regulatory clampdown on tech companies. — Bloomberg

Shares in Chinese electric carmaker Li Auto fell on its Hong Kong debut Thursday, with investors increasingly jittery over Beijing's regulatory clampdown on tech companies and other industries.

Regarded as a mainland rival to US titan Tesla, the listing makes it the latest mainland firm already traded on Wall Street to seek exposure in Hong Kong as a hedge against regulatory risks amid China-US tensions.