China EV ADRs gain on higher monthly vehicle deliveries
** China EV ADRs gain premarket on higher monthly vehicle deliveries in September
** U.S.-listed shares of Xpeng XPEV.N up 3.5% at $12.6, Nio NIO.N jumps 5.1% to $7.02, Li Auto LI.O 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
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