China EV war: investors curb their enthusiasm for NIO, Xpeng, other Tesla rivals as earnings test follows US$124 billion market drubbing

• Market pacesetters NIO, Xpeng, Li Auto face a myriad of challenges with losses still to snowball in 2021 and analysts grow weary of short-term outlook
• Automotive chip shortage will add to other lingering market concerns about US-listed Chinese stocks and outlook for central bank policy tightening