The U.S.-listed shares of China-based electric vehicle makers were knocked lower Monday, after new COVID-related restrictions imposed in China over the weekend took a broad swipe stocks in the U.S. and China. NIO Inc.’s stock slid 3.2%, Xpeng Inc. shares shed 4.9% and Li Auto Inc.’s stock gave up 3.8%. Shares of Tesla Inc. , which generated 24.8% of its first-quarter revenue from China, rose 0.6%, but they were boosted by Chief Executive Elon Musk said over the weekend that he was terminating his Twitter Inc. buyout deal. Meanwhile, the iShares China Large-Cap ETF dropped 2.9% in premarket trading, while futures for the S&P 500 lost 0.5%.
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