Xpeng and NIO Hit Record EV Deliveries in October, Boosting Hong Kong Shares

Chinese electric vehicle (EV) makers Xpeng (HK:9868) and NIO (HK:9866) saw their Hong Kong-listed shares surge on Monday after both companies reported record-breaking delivery numbers for October, underscoring strong momentum in the world’s largest EV market.

Xpeng announced it delivered 42,013 vehicles in October, a 76% year-over-year increase and 1% higher than in September, marking its highest-ever monthly delivery. The company credited this growth to soaring demand for its X9 MPV and G6 SUV, two of its most popular models, as well as increasing overseas sales fueled by expansion into European markets. Following the announcement, Xpeng shares rose as much as 4.8% to HK$91.4 as of 03:25 GMT, reflecting growing investor confidence in the automaker’s global strategy and product lineup.

Meanwhile, NIO also posted its best-ever monthly performance, delivering 40,397 vehicles in October — a 92.6% jump from a year earlier and 16% more than in September. This milestone marks the first time NIO’s monthly deliveries have exceeded 40,000 units, highlighting strong demand across its diverse lineup. The company attributed the surge to its new sub-brands, Onvo and Firefly, designed to capture the mid-range and compact EV market segments, expanding its appeal to a broader customer base.

The record deliveries from both Xpeng and NIO signal a significant rebound in China’s competitive EV sector, which continues to experience rapid innovation and intense price competition. As the market expands globally, both companies are strengthening their foothold not only in China but also in Europe and other emerging EV markets, setting the stage for sustained growth and investor optimism.