Phate Zhang

While Tesla's inventory numbers remain low relative to established automakers, building inventory has been a down-cycle indicator for the industry.

Tesla produces new vehicles in the first half of each quarter primarily for export, and October's numbers continue that pattern.

October was the first full delivery month for the ET5. Deliveries of the model began on September 30, with 221 units delivered in September.

Xpeng delivered 29,570 vehicles in the third quarter, up 15.21 percent from the same period last year and down 14.10 percent from the second quarter.

Horizon Robotics entered into a partnership with Nio last week that will see one of the latter's new brand's models use its products, the chipmaker's CEO Yu Kai said.

China should launch a crackdown on the profiteering of some players and stop some companies from hoarding and speculating on raw materials, according to the chairman of Changan.

Edison Yu's team expects China NEV sales momentum to pick up in November and December, when a host of new models should drive sales to new highs and NEV subsidies are poised to exit.

The brand's official launch is expected in the first quarter of 2023, when its first hardcore off-road model will be unveiled.

Li Auto with 2,224 units, Xpeng with 1,115 units, Zeekr with 2,308 units and Neta with 1,896 units.

"Our gross margin is meaningfully higher as we believe Nio will recognize the majority of its regulatory credit sales in 3Q, similar to last year," writes Deutsche Bank analyst Edison Yu's team.