Extending the rises they all enjoyed in the last full week of April, shares of electric vehicle (EV) makers Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) have all continued motoring significantly higher this week in contrast to the S 500 and Dow Jones Industrial Average, which are both inching toward minor gains.

As of the market's close on Thursday, shares of Nio had risen 24.5% since the end of trading last Friday, while XPeng and Li Auto are up 19.19% and 15.7%, respectively.

For all three companies, increasing customer demand for their EVs powered investors' favorable sentiment this week. Nio reported 15,620 vehicle deliveries for April, representing a 134.6% year-over-year increase.

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Source Fool.com