Li Auto October sales surge 4-fold, XPeng sales rise nearly 4-fold
Shares of Nio Inc. rallied Wednesday, after the China-based electric vehicle maker reported October vehicle deliveries that rose nearly 60% from a year ago, but its rivals reported much stronger growth.
The gain trailed that of its EV rivals, as Li Auto Inc.’s stock LI, -3.73% jumped 1.2% and XPeng Inc. shares XPEV, -2.88% climbed 3.9%. And Li Auto announced a monthly record of 40,422 vehicle deliveries in October, up 302.1% from a year ago.
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Nio’s stock drops toward 3-year low ahead of EV sales updateTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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