Yahoo Finance's Brian Sozzi discusses why Chinese EV maker Xpeng stock is falling.

Video Transcript

BRIAN SOZZI: The selling pressure in shares of China EV maker Xpeng is continuing, with the stock continuing to be thrashed here and down here. And the pre-market shares are off a startling 30% in March alone. Now down about 10% here in the pre-market.

Two factors at play here. First, ride hailing company DiDi halting its Hong Kong listing has weighed on sentiment for China-centric stocks. And two, the new COVID shutdown in Shenzhen could hurt demand for EVs and the supply of key components.