GP - Auto stocks gain as focus on China grows

The automobile sector is largely higher on more enthusiasm over the pace of sales in China, highlighted again today by a strong deliveries report from XPeng. There is also positive comments out from the China Association of Automobile Manufacturers on expected sales for September and the balance of the year. Notable gainers include Xpeng ([[XPEV]] +10.6%), Niu Technologies ([[NIU]] +7.9%), GreenPower Motor Company ([[GP]] +5.1%), Tesla ([[TSLA]] +3.3%), Kandi Technologies ([[KNDI]] +7.8%) and Nio ([[NIO]] +0.4%). Select auto suppliers are also higher, including Meritor ([[MTOR]] +4.6%), Autoliv ([[ALV]] +4.4%), Tenneco ([[TEN]] +3.3%), Veoneer ([[VNE]] +3.8%), Adient ([[ADNT]] +5.1%) and Goodyear Tire & Rubber ([[GT]] +3.8%).

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Auto stocks gain as focus on China grows