Chinese EV makers Nio and XPeng reported rise in January deliveries

U.S.-listed, Chinese electric vehicle makers Nio and XPeng reported their January sales numbers. Nio NIO, +17.27% said deliveries rose 34% to 9,652 vehicles, while XPeng XPEV, +9.14% said deliveries jumped 115% to 12,922. Nio shares have dropped 23% this year and XPeng shares have lost 30%.