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Luckin, Li Auto among 17 Chinese companies added to US delisting list

The US Securities and Exchange Commission (SEC) added seventeen US-listed Chinese companies to its provisional delisting list, identified under the Holding Foreign Companies Accountable Act in the US. Some of China’s major tech-related firms are included, such as coffee chain Luckin, electric vehicle maker Li Auto, Q&A platform Zhihu, and online housing firm KE Holdings. The US regulator has given these companies 15 business days to submit evidence to oppose the commission’s charge, with a deadline of May 12.