Xpeng jump starts New York IPO, raising capital to expand in China and challenge Tesla in world’s largest electric vehicle market

//Xpeng jump starts New York IPO, raising capital to expand in China and challenge Tesla in world’s largest electric vehicle market

Xpeng jump starts New York IPO, raising capital to expand in China and challenge Tesla in world’s largest electric vehicle market

XPeng Inc applied to list its shares on the New York Stock Exchange, as it seeks capital to challenge Palo Alto-headquartered Tesla in China, the world’s largest market for electric vehicles.The Chinese smart electric vehicle maker, which markets a four-door sports sedan and a sports utility vehicle under the Xpeng Motors brand, has filed confidentially for an IPO earlier this year and has now made its plan and financial statements public. The next step will be to start a marketing process to…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-08-07T17:00:13+00:00 August 7th, 2020|Technology|Comments Off on Xpeng jump starts New York IPO, raising capital to expand in China and challenge Tesla in world’s largest electric vehicle market