Nio’s inventory rises towards 5-day win streak as Q3 deliveries soar 75%

Nio’s inventory
NIO,
+1.46%
rose 0.8% in premarket buying and selling. It has climbed 10% over the previous 4 periods, after closing at a 3 1/2-month low on Sept. 25.

The firm stated over the weekend that it delivered 15,641 autos in September, up 43.8% from a 12 months in the past. The deliveries included 11,504 sensible electrical sport-utility autos and 4,137 sedans.

For the third quarter, the 55,432 EVs delivered had been 75.4% greater than final 12 months.

The firm stated deliveries of the EC6 sensible electrical coupe SUV began on Sept. 15.

Nio’s inventory has misplaced 6.7% over the previous three months by Friday, whereas the iShares MSCI China ETF
MCHI
has declined 3.2% and the S&P 500 index
SPX
has slipped 3.7%.

Also over the weekend, Li Auto stated it delivered a month-to-month file 36,060 autos in September, representing a 212.7% enhance from the identical month a 12 months in the past. For the third quarter, deliveries had been up almost four-fold (up 296.3%) from a 12 months in the past to 105,108 autos.

The firm stated it additionally turned China’s first new-energy automaker to succeed in the supply milestone of 500,000.

The inventory rallied 1.7% forward of Monday’s open.

Xpeng’s inventory superior 0.9% towards a fourth-straight achieve, after the EV maker stated it delivered 15,310 autos in September, up 81% from a 12 months in the past. For the third quarter, deliveries hiked up 72% to 40,008 EVs, as manufacturing capability of the G6 mannequin “expanded significantly.”

Separately, BYD Co.
BYDDY,
+1.73%

002594,
-0.48%
reported Monday deliveries of 144,179 battery-electric autos in September, up 50% from a 12 months in the past, whereas plug-in hybrid automobile deliveries elevated 30% to 135,118.

Li Auto’s inventory has gained 1.6% over the previous three months, whereas XPeng shares have soared 36.8% and Boyd’s U.S.-listed inventory has given up 3.5%.