Stocks of Nio and other China-based EV makers extended their recent sharp gains Tuesday, after they reported record deliveries data.

Deliveries from key Chinese electric-vehicle makers were great. That’s good for all EV makers, including Tesla. A new month brings new data from Chinese car makers. Li Auto reported its delivery figures first,

Chinese EV companies like NIO, XPeng, and Li Auto are outperforming in the global market, posing a challenge to Western automakers with strong sales. Read more on Chinese EVs here.

Nio, BYD, Xiaomi and Aito, co-developed by Huawei, had yet to release September deliveries as of Tuesday afternoon.

XPeng ($XPEV), and BYD ($BYDDY) rallied 11.5%, 5.5%, and 5%, respectively, on Tuesday after the Chinese electric vehicle

The Chinese electric vehicle industry is exhibiting significant growth, driven by government support and growing consumer interest. Given China's ongoing efforts to stimulate the domestic economy, EV makers can anticipate a surge in demand,