Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022.NioU.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic selloff on Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China.Shares of Li Auto were down 21%, Nio’s were down 20%, and Xpeng Motors’ plunged 15% in late morning trading in New York, while shares of larger BYD were down about 9%. Other prominent Chinese companies including Alibaba and Tencent Music Entertainment suffered similarly dramatic declines.The selloff followed a weekend in which President Xi Jinping appeared poised for an unprecedented third term as China’s leader after naming a series of loyalists to the Politburo standing committee, the inner circle of power in China’s ruling Communist Party. Â Â Under Xi’s leadership, China’s government has increased restrictions on speech and movement and tightened regulations on technology companies. Analysts see further restrictions ahead, with Bernstein’s Mark Schilsky writing in a Monday morning note that Chinese stocks are now “uninvestable.”Xpeng separately on Monday debuted a new version of its advanced driver-assist system, called XNGP. The new system, a direct rival to Tesla’s Autopilot, allows for limited hands-free driving in some urban environments as well as on highways. …