In Monday's premarket, Xpeng shares rose 4.5%, while Nio ADRs lost 3.5%, reflecting the two Chinese electric vehicle makers' varied fortunes in October.

In October, Xpeng supplied 10,138 vehicles, a 233% increase year over year. Year-to-date vehicle deliveries have increased by 289% to 66,542 as of October 31.Why Xpeng Stock Is Higher Today | The Motley Fool

The situation was different at larger rival Nio, where supply chain issues slowed output. Upgrades to manufacturing lines and the preparation of new launches were also cited as reasons for the drop in output by the company, which has a greater market cap than Xpeng.

Nio's deliveries fell by more than 27% to 3,667 units. As of October 31, the company had delivered 145,703 vehicles across its three variants.