Why Shares of NIO, XPeng, and Li Auto Are Surging Today

Shares of several Chinese electric-vehicle makers were trading higher on Monday morning, following strong sales reports for the month of October.

Here's where things stood as of 10:15 a.m. EST, relative to their closing prices on Friday.

It's not hard to figure out why these stocks are surging today: All three companies reported strong sales results for October.