Chinese new-car sales fell in January. But the shares of Chinese electric-vehicle makers NIO, Xpeng, and Li Auto have recovered from earlier, steeper losses after industry insiders said they expect a robust year for EV sales.
Sales data from the Chinese Passenger Car Association, or CPCA, show new-car sales of about 2.1 million units in January, down about 4% year over year, and down about 1% from December 2021, according to Citigroup analyst Jeff Chung.
A…