Chinese electric vehicle makers are on a tear.
On Thursday, after reporting a strong third quarter, the New York-listed shares of Guangzhou-based Xpeng jumped 33%. Nasdaq-listed Li Auto’s share price leaped 27% the same day, ahead of its own earnings report on Friday. Meanwhile, NYSE-listed Nio—the only one of the three carmakers with more than a year’s trading history—surged 12%.
