U.S.-listed Chinese electric vehicle manufacturers shares opened sharply lower Monday due to pressure from U.S. issues of other Chinese companies amid an ad. new round of delisting fears.

The shares of Nio, XPengPlease see the following: Li AutoAll three were down more than 10% during early trading Monday. As of 10:00 AM EDT, the three stocks were down by 4.4%, 7.2% and 10% respectively.

Last week, the Securities and Exchange Commission identified five Chinese companies with U.S.-listed sharesThose that are not in compliance with the requirements for the audit Holding Foreign Companies Accountable Act.

This act permits the SEC delisting and banning companies from trading U.S. Exchanges, if they are not able to inspect company audits for at least three consecutive years. The first step is to officially name the companies, also known as “identifying” them.

SEC didn’t name Nio and XPeng or Li Auto. However, investors may have considered the SEC’s move a warning sign to other Chinese listed companies in the United States. A company that has been delisted cannot offer new shares to U.S. investors, limiting its ability to raise additional capital – a significant concern for early-stage automakers.

As a protection against U.S. regulation, all three EV firms have listed in Hong Kong. Nio’s listings were completed last week, after Nio’s used an existing listing. a fast-track listing procedureThat didn’t include raising funds. Xpeng followed a more traditional route to Hong Kong’s listing, and raised $2.1 million and $1.5 millions respectively.