XPEL - XPeng leads the Chinese auto sector higher

The Chinese EV sector is having another strong day after XPeng ([[XPEV]] +36.1%) impressed with its Q3 earnings report and expressed confidence on demand in Asia and Europe during the post-earnings conference call. Of note, Xpeng reported a positive gross margin in Q3. "The margin improvement was mainly driven by a better product mix (more sales of P7), efficiency improvement and lowered material costs," updates Bank of America on the earnings print. Nio ([[NIO]] +10.2%), Kandi Technologies ([[KNDI]] +6.3%), Li Auto ([[LI]] +23.8%) and Nio ([[NIO]] +10.2%) are all solidly higher on a down day for the market overall. Auto suppliers XPEL ([[XPEL]] +5.9%), China Automotive Systems ([[CAAS]] +5.0%) and Superior Industries ([[SUP]] +2.5%) are also higher off the strong read on China.A snapshot of the share price action since September 1.More on XPengy: XPeng EPS misses by $0.14, beats on revenue and XPEV rallies on strong operating and financial results as

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XPeng leads the Chinese auto sector higher