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

Shares of NIO Inc.
NIO,
-8.21%
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,
-5.09%
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,
-7.86%
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,
-1.99%
dropped 1.3% ahead of the open, and futures
ES00,
-0.92%
for the S&P 500
SPX,
-0.99%
declined 0.7%.