** China EV ADRs gain premarket on higher monthly vehicle deliveries in September
** U.S.-listed shares of Xpeng up 3.5% at $12.6, Nio jumps 5.1% to $7.02, Li Auto gains 3.6% to $25.58
** XPENG's smart EV deliveries set new monthly record of 21,352 units, up 39% Y-o-Y and 52% M-o-M
** Co's EV XPENG MONA M03's first month deliveries exceeded 10,000 units
** Expects to unveil XPENG P7+, positioned as AI-defined car, this month
** Li announces it delivered 53,709 vehicles, up 48.9% Y-o-Y
** NIO reports 21,181 vehicle deliveries, up 35.4%; announces partnership with UK startup Monolith for real-time AI EV battery testing
** Citigroup expects upcoming Tesla Robotaxi event and car sales high season to potentially boost investor sentiment and valuation re-rating of Chinese EV names
** Chinese ADRs have been on the rise on the country's recent stimulus measures
** As of last close, XPEV shares down ~17%, NIO down 26% and LI down 31.5% YTD
(Reporting by Sukriti Gupta in Bengaluru)
((Sukriti.Gupta@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.