EPeng shares are up nearly sixfold in January deliveries

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Shares of XPeng Inc. XPEV,
-3.95%
rose 4.6% in premarket trading on Monday, after China’s electric vehicle maker reported a nearly six-fold increase in January deliveries. The company said overnight that it delivered 6,015 vehicles in January, up 470% from the same period a year ago and that it will mark the third consecutive month of record deliveries. Deliveries included 3,710 P7 smart sports sedans and 2,305 G3 compact smart SUVs. The XPeng report comes as fellow EV manufacturer in China, Nio Inc. NIO,
-2.35%
reported a 352% increase in January deliveries to 7,225 vehicles. Xpeng shares rose 148.6% in the last three months to Friday, while Nio shares rose 86.4% and the S&P 500 SPX,
-1.93%
gained 13.6%.

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