(Yicai Global) Dec. 22 -- China's mainland stock markets opened lower this morning as the new energy vehicle sector fell back from yesterday's skyrocketing growth.

The Shanghai Composite Index opened 0.28 percent lower at 3,410.97. The Shenzhen Component Index was at 14,085.29, down 0.35 percent and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, was down 0.53 percent to 2,867.21.

China's leading EV battery maker Contemporary Amperex Technology [SHE:300750], , opened 1.54 percent lower at CNY319.99 (USD48.75) after soaring 12 percent yesterday. Shenzhen-based EV giant BYD [SHE:002594] slid 0.83 percent to CNY192, after hitting the 10 percent limit up yesterday.

Editor: Ben Armour