Chinese EV stocks Nio and XPeng rally while U.S. rival Rivian slips amid market split.

Chinese electric vehicle stocks Nio and XPeng rose 5% and 4% respectively, driven by strong demand in China and strategic moves like Nio's partnership with Geely to expand its battery-swap network. Meanwhile, U.S. EV maker Rivian fell 2%, highlighting a geographic split in investor interest. The rally is specific to Chinese EVs rather than the broader electric vehicle sector, with sector ETFs showing little change. Investors should watch for further developments from Nio's Geely partnership to confirm sustained growth.

Following the news of Nio's partnership with Geely and the rally in Chinese EV stocks, Nio shares on Pluang rose by 4.84% to USD 3.58 as of Oct 10, 2026 00:12 WIB, nearing its 52-week low of USD 3.37. Xpeng also gained 3.66%, trading at USD 9.90, close to its 52-week low of USD 9.25. Meanwhile, Rivian shares fell 3.21% to USD 13.87, below its 52-week high of USD 22.45, reflecting a divergence in investor interest between Chinese and U.S. EV makers on Pluang.