China EV Startup's October Sales Triple With Peers On Tap.

China EV Startup's October Sales Triple With Peers On Tap.
Xpeng ( XPEV ) reported October deliveries more than tripled vs.
a year earlier.
Nio ( NIO ) and Li Auto ( LI ) are on tap to report China EV sales soon.
Xpeng stock and Li Auto stock are near buy points, while Nio stock is starting to recover.
China EV and battery giant BYD Co.
( BYDDF ) will likely release October sales later next week.
Tesla China sales for October, including exports, will likely be released the following week.
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Overall China EV sales are seeing strong momentum.
They nearly tripled in the third quarter despite the global semiconductor shortage, according to Fitch Ratings.
While Nio’s Q3 sales doubled, year over year, Li Auto and Xpeng’s Q3 sales almost tripled.
The electric-car startups are challenging Tesla ( TSLA ) on home turf in China and, more newly, in Europe — two of the fastest-growing EV markets.