Shares of publicly traded electric vehicle makers moved dramatically higher on Wednesday after a Chinese peer, XPeng (XPEV), reported revenue that increased 342.5% to $293.1M. The company said it sees Q4 revenue RMB 2.2B, up 244% year-over-year with Q4 deliveries of vehicles approximately 10,000 vehicles, representing a year-over-year increase of approximately 210.8%. According to media reports, Citi raised their price target on Nio (NIO) and started coverage of Li (LI) with a Neutral rating and XPeng with a Buy rating. RIVIAN ANNOUNCEMENT: Not yet a publicly traded company, Rivian made announcements related to the all-electric R1T pickup truck and R1S SUV, including details on pricing and available equipment packages. “The company’s online configurator preorder holders will receive an email on Monday, November 16 to unlock early access to the configurator. Once you’re at the configurator, if you’re planning to switch models, you can do so at this time. Starting with the Rivian R1S, it will be first offered in Launch Edition guise with the first deliveries penciled in for August of 2021,” noted Rivian. Peer Li reports earnings tomorrow with Nio expected to report next week. PRICE ACTION. Shares of XPeng closed up 33.40% to $44.70 per share, while Nio closed up over 12% to $48.30 per share. OTHER EV MAKERS TO WATCH: Other publicly traded names in the space include Tesla (TSLA), Nikola (NKLA), and Workhorse Group (WKHS).