Xpeng Motors Files For IPO On NYSE

Upstart Chinese electric vehicle maker, Xpeng Motors has officially filed for its initial public offering (IPO) on the New York Stock Exchange. The move wasn’t a surprise and had been anticipated for some time now.

The announcement makes XPeng the third electric vehicle manufacturer out of China to list its shares in the US. The timing of the announcement doesn’t seem to be ideal, as US-China relations continue to be strained. However, the two EV automakers from China that have already had IPOs in the US have done so successfully. NIO, in particular, has seen its stock climb considerably in 2020.

https://insideevs.com/news/438128/xpeng-files-us-ipo-nyse/