Leading Chinese new energy vehicle manufacturers BYD, Li Auto, and Xpeng Motors have broken their monthly delivery or sales records in October, a traditional high season in China for auto consumption.

BYD was once more China’s top NEV seller. Last month, it sold 301,800 units, up nearly 39 percent from a year earlier and exceeding the threshold of 300,000 units in a single month for the first time, the carmaker announced yesterday. Experts believe the Shenzhen-based firm can break the three million units line for full-year sales this year.

The growth momentum of the Chinese auto market will extend to October from September thanks to terminal discounts and promotions, the long Mid-Autumn Festival and National Day holiday, and e-commerce platforms' promotional campaign for the Double 11 Shopping Festival, the China Passenger Car Association predicted earlier.

Li Auto recorded the highest year-on-year delivery growth last month. The NEV startup said yesterday it shipped 40,422 units, up 302 percent from the same period last year and exceeding the 40,000 units threshold for the first time.

Li Auto's shares [HKG: 2015] were trading up 5.1 percent at HKD139.90 (USD17.88) as of 11.00 a.m. in Hong Kong today. The Beijing-based firm's New York-listed stock [NASDAQ: LI] closed 3.5 percent up at USD34.99 yesterday.

Xpeng also refreshed its monthly delivery record in October as the carmaker shipped 20,002 NEVs, up 292 percent from the same period last year, it announced yesterday.

Xpeng's shares in Hong Kong [HKG: 9868] soared 9.3 percent to HKD62.85 (USD8.03) as of 11.00 a.m. today. The Beijing-based firm's stock in New York [NYSE: XPEV] closed 7 percent up at USD15.50 yesterday.

Other NEV startups also reported positive performances in October.

Leapmotor Technology delivered 18,202 NEVs last month, up 159 percent from a year earlier. The company recently partnered with Stellantis, the European owner of brands Peugeot and Maserati, and set a monthly sales target of 30,000 units for next year.

Nio delivered 16,074 units in October, up 2.8 percent from September and 60 percent from a year earlier.

Hozon New Energy Automobile, the owner of Chinese electric vehicle brand Neta, is the only Chinese NEV startup with declining sales. The firm sold 12,085 units last month, down 8.5 percent from September and 33 percent from a year earlier.

In terms of NEV brands backed by conventional automakers, GAC Group's GAC Aion saw its sales volume soar 38 percent to 41,503 units in October from the same period last year. Changan Automobile's Deepal delivered 15,513 units, down 11 percent from September.

Syworth, a brand under Skywell New Energy Vehicles Group, delivered 3,545 NEVs last month, up 33 percent from a year earlier. Zhejiang Geely Holding Group's brand Zeekr delivered 13,100 units, up 29 percent in the period.

Aito, a Chinese EV brand co-built by Huawei Technologies and automaker Seres, saw its monthly sales rise 5.4 percent to 12,700 units in October from the same period last year. Voyah, a Chinese luxury NEV brand backed by Dongfeng Motor, delivered 6,067 cars, up 138 percent in the period.

Since the beginning of the year, competition in the Chinese NEV industry has intensified with the launch of new models, impacting sales of fuel-powered cars and older NEV models, according to China Galaxy Securities. The broker expects the year-end price war to be very intense, with an increase in related sales volume.