NIO, other China-based EV maker stocks fall after August deliveries reports

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Shares of NIO Inc. NIO, +0.40% fell 2.2% in premarket trading Thursday, even after the China-based electric vehicle maker reported August deliveries that jumped 81.6% from a year ago to 10,677 vehicles. The deliveries included 7,551 premium sport-utility vehicles (SUVs) and 3,126 sedans. In total, the company has now delivered 238,626 EVs as of Aug. 31. Meanwhile, rival Li Auto Inc.'s stock LI, -0.10% slumped 1.7% after the company reported August deliveries of 4,571 vehicles, which was less than half (down 51.5%) from 9,433 deliveries reported a year ago. It's no wonder that Li Auto's latest deliveries press release didn't provide year-ago comparisons. XPeng Inc. shares XPEV, +1.42% fell 2.2%, although the company reported a 33% rise in August deliveries to 9,578 EVs. The stock declines come as the iShares China Large-Cap ETF FXI, +2.06% dropped 1.3% ahead of the open, and futures ES00, -0.73% for the S&P 500 SPX, -0.78% declined 0.7%.

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