(Yicai Global) Dec. 2 -- Shares of Chinese automotive parts manufacturer NRB jumped by the daily limit after the firm said its bearings will feature in leading electric vehicle startup Xpeng Motors' alleged new model.

NRB's stock price [SHE:002708] surged 10 percent to CNY6.72 (USD1) intraday. The shares are almost 8 percent up this year.

Xpeng has chosen NRB as its supplier of sleeve bearings and related parts for its new model F30, the Changzhou-based precision bearings maker said in a statement yesterday. Guangzhou-headquartered Xpeng hasn't yet publicly talked about F30.

The scale and value of orders will be based on contracts penned later, said NRB. The firm needs to complete its development, testing, and verification of the specified products based on the client's requirements, it added.

Xpeng has been reporting strong sales, topping China's list of new electric vehicle startups in November. The automaker, which launched its P5 sedan in September, delivered more than 15,600 vehicles last month, almost quadrupling from a year ago while exceeding the 10,000 mark for the third straight month.

Before Xpeng, NRB has partnered with BYD, Nio, Li Auto, Volkswagen, and Daimler, the statement added.

Editor: Emmi Laine, Xiao Yi