By Jiahui Huang
Shares of several Chinese electric-vehicle makers surged sharply Monday, after they reported robust October sales over the weekend.
XPeng and NIO rose 3.8% and 2.9%, respectively by midday, after XPeng delivered a record high 42,013 units in October. NIO also posted a record sales for the month, at 40,397 units, up 93% compared with the same period a year earlier.
Xiaomi's shares gained 3.5% after news its delivered more than 40,000 units last month. Zhejiang Leapmotor's shares rose 0.8% after it said October sales were 84% higher at 70,289 units.
Zeekr Group, which is being taken private by its parent, Geely Automobile, posted strong sales of 21,423 units.
The auto giant BYD sold 441,706 units last month. Its shares fell 2.4% in Hong Kong weighed by news of lower net profit and revenue in the third quarter.
Chinese auto sector is seeing some recovery in demand as the peak season for sales approaches and as auto makers try to clear inventories in the final quarter of the year.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
November 02, 2025 23:21 ET (04:21 GMT)
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