Shares of XPeng Inc. XPEV,
rose 4.6% in pre-market trading on Monday, after the China-based electric vehicle maker reported a nearly six-fold increase in January deliveries. The company said overnight that it delivered 6,015 vehicles in January, 470% more than the same period a year ago, and that it will mark the third consecutive month of record deliveries. Deliveries include 3,710 P7 smart sports sedans and 2,305 G3 smart compact SUVs. The XPeng report appears as an EV manufacturing partner, based in China, Nio Inc. NIO,
recorded a 352% increase in January shipments to 7,225 vehicles. Shares of Xpeng have risen 148.6% over the past three months to Friday, while shares of Nio have risen 86.4% and the S&P 500 SPX,
has gained 13.6%.