Business

Nio Doubles October Deliveries; Xpeng, Li Auto Continue Strong Run


Most of the U.S.-listed China electric car stocks disclose third-quarter earnings in the next couple weeks.


Nio, Xpeng Motors, Li Auto and BYD ( BYDDF ) have all ramped up China sales in recent months.


Meanwhile, despite several price cuts, Tesla China sales have flattened in the last few months, according to official data.


Shares of Nio surged 12% to 34.30 in Monday stock market trading .


Li Auto stock climbed 15% to 23.12, vaulting above a 21.96 buy point from a deep cup-with-handle base.


Among other electric car stocks, Tesla, which reports deliveries quarterly, added 3.5% and BYD jumped 10%.






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