shares of chinese electricvehicle makers jumped in hong kong as trading resumed after the lunar new year holiday following upbeat january deliveries data in friday morning trade li auto inc rose as much as 14 xpeng inc added 10 and byd co gained 66 this represents a slight recovery for the stocks year to date though li auto and byd were each still down more than 10 while xpeng has lost more than 25 ev stocks have been pressured amid beijings moves to wean the industry off incentives some subsidies for evs were cut by 30 at the beginning of this year and the overall incentive program will end in 2023 according to a joint ministry notice released at the end of december for january xpeng delivered 12922 vehicles and li auto delivered 12268 vehicles both more than doubling from a year earlier according to data released this week byd sold a total of 95422 vehicles of which newenergy vehicles more than quadrupled from the yearearlier figure to 93168 however the companies deliveries were softer when compared with december during the month xpeng and li auto delivered 16000 and 14087 vehicles respectively while byd sold 93945 newenergy vehicles citigroup said in a note on thursday that the market may wait until midfebruary for more visibility on car sales after the lunar new year holidays as strong performance in the fourth quarter and january may not necessarily signify a strong year ahead in terms of overall demand