Li Auto Inc LI shares are trading lower by 2.5% to $34.10 Thursday morning on recent, continued weakness. Shares of several Chinese stocks are trading lower Thursday following China Evergrande Group stock being suspended in Hong Kong amid reports that its chairman has been under police surveillance. Chinese stocks began their recent volatility amid concerns over the country's property sector following reports suggesting China Evergrande said it's unable to issue new debt due to an ongoing investigation into its Hengda Real Estate subsidiary. Why It Matters The Evergrande crisis can lead to decreased consumer confidence in China due to concerns about the broader economic stability. This could affect Li Auto as consumers may delay their purchases of electric vehicles due to economic uncertainty, leading to potential lower sales and revenue for the company.