Co-movers

daily closes · 499dMethod

Moved together

XPEVwithNIO

×0.57co-movement · NIO on XPEV · 499d

r 0.59scale to r 0.75

Shared co-movers7with XPEVwith NIO

JDJD.com, Inc.r 0.48r 0.44

BHPBHP Group Ltdr 0.33r 0.34

YUMCYum China Holdings, Inc.r 0.37r 0.32

TCOMTrip.com Group Ltdr 0.34r 0.32

RIORIO Tinto PLCr 0.31r 0.32

ZLABZai Lab Ltdr 0.31r 0.31

XPEV, solidNIO, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

XPEVXpeng Inc.

9.03−1.69%· post 9.00

Mkt cap$8.6B

NIONIO Inc.

3.19−4.07%· post 3.20

ClosedOct 30 '26

Mkt cap$8.0B

vs

Compare

ClosedOct 30 '26

XPEVXpeng Inc.

vs

NIONIO Inc.

9.03−1.69%post 9.00

Price

3.19−4.07%post 3.20

$8.6B

Mkt cap

$8.0B

XPEV compared with NIO: revenue, margins and what each company keeps, and the suppliers and customers both name