Core Insights - NIO, XPeng, and Li Auto, three major Chinese smart electric vehicle manufacturers, reported their delivery figures for December 2025 and the fourth quarter of 2025, showcasing varying performance levels among them [1]. NIO Performance - NIO achieved a record 48,135 vehicle deliveries in December 2025, reflecting a 54.6% year-over-year increase. The breakdown included 31,897 units from the premium NIO brand, 9,154 units from the ONVO brand, and 7,084 units from the FIREFLY brand [2]. - For the fourth quarter, NIO's deliveries reached a new high of 124,807 vehicles, marking a 71.7% increase from the previous year. The total deliveries for the full year 2025 were 326,028 vehicles, up 46.9% year-over-year, with cumulative deliveries reaching 997,592 units by December 31, 2025 [2]. XPeng Performance - XPeng delivered 37,508 vehicles in December 2025, which is a modest 2% year-over-year increase. The total deliveries for 2025 surged to 429,445 units, more than doubling from the previous year with a 126% increase [3]. - The company also reported overseas deliveries totaling 45,008 vehicles for the year, reflecting a 96% year-over-year increase as it expanded operations to 60 countries and regions by the end of 2025 [3]. Li Auto Performance - Li Auto delivered 44,246 vehicles in December 2025, a decrease from 58,513 units in the same month of 2024. The fourth-quarter deliveries amounted to 109,194 vehicles, with cumulative deliveries reaching 1,540,215 units as of December 31, 2025 [4]. - Throughout the year, Li Auto expanded its international presence by launching new models in Egypt, Kazakhstan, and Azerbaijan, and operated 548 retail stores in 159 cities, along with 561 service centers across 224 cities. The company also established 3,907 supercharging stations in China, comprising 21,651 charging stalls [5]. Stock Performance - Over the past year, shares of NIO and XPeng have increased by 10.2% and 73.2%, respectively, while shares of Li Auto have declined by 31.6% [6]. Zacks Rank - Currently, NIO, XPeng, and Li Auto all carry a Zacks Rank of 3 (Hold) [8].

Core Insights - China's electric vehicle (EV) manufacturers, including Nio, Li Auto, and XPeng, reported record deliveries in October, indicating strong demand and competitive growth in the EV market [1] Nio - Nio achieved a record delivery of 40,397 vehicles in October, marking a 92.6% increase year over year [2] - Cumulative deliveries reached 913,182 vehicles by October 31, with the ONVO L90 model being a significant contributor, surpassing 10,000 units for three consecutive months [3] - Nio's stock has increased over 42% in the past year [4] Li Auto - Li Auto reported 31,767 deliveries in October, bringing total lifetime deliveries to 1,462,788 vehicles [5] - The Li i6 model has received over 70,000 orders since its launch, with efforts to ramp up deliveries to meet demand [5] - Li Auto opened its first authorized store in Uzbekistan and plans to expand into Kazakhstan, focusing on growth in Central Asia, the Middle East, Europe, and the Asia-Pacific [5][6] - Li Auto operates 551 retail locations and 3,508 fast-charging stations across China, but its stock has decreased over 16% in the past year [6] XPeng - XPeng recorded 42,013 deliveries in October, a 76% increase year over year, marking the second consecutive month with deliveries above 40,000 [7][8] - Total shipments for the first ten months of 2025 reached 355,209 units, reflecting a 190% year-over-year increase [8] - XPeng is expanding its global presence, entering seven new markets in Europe, Asia, and Africa, and reported strong usage of its advanced driver-assistance system, XNGP [8] - XPeng's stock has surged over 103% in the past year, and the company is set to host its annual AI Day on November 5 to discuss advancements in autonomous technology [9]