Shares of XPeng Inc. XPEV,
rose 4.6% in trading on the market, after the electric vehicle manufacturer in China reported an almost six-fold increase in deliveries in January. The company said overnight that it delivered 6,015 vehicles in January, which is 470% higher than in the same period a year ago, and to mark the third month of record deliveries. The deliveries included 3,710 P7 smart sports sedans and 2,305 smart compact SUVs. XPeng’s report comes as Nio Inc. NIO, a co-producer of the EV,
reported a 352% increase in deliveries in January to 7,225 vehicles. Xpeng’s share rose 148.6% over the past three months to Friday, while Nio shares rose 86.4% and the S&P 500 SPX,
achieved 13.6%.
