Facing competition of Tesla & BYD, NIO, XPEV, and LI diverge
@Value_investing:
BYD announced its October sales today, with 217,816 units in a single month, another record high.Other companies's October sales figures are as follows.On November 1, China EV makers released its October sales data. One company is on the brink of collapse. $NIO Inc.(NIO)$ sold 10,059 units in October, up 174.3% year-on-year and down 7.5% sequentially. $XPeng Inc.(XPEV)$ October sales of 5,101 units, down 49.7 percent year-over-year. $Li Auto(LI)$ 's October sales of 10,052 units, up 31.4 per cent year-on-year and down 12.8 per cent sequentially. $ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD.(09863)$ sold 7,026 units in