EV Maker Xpeng Gets Nod for $2 Billion Hong Kong Listing
- New York-listed Xpeng could list in Hong Kong this year
- Nio, Li Auto are also weighing plans to list in the Asian hub
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New York-traded electric vehicle maker Xpeng Inc. has received the green light from the Hong Kong stock exchange to list in the city, the latest homecoming share sale by a Chinese company.
The company submitted an updated listing document on Wednesday, indicating it has won the bourse’s approval. The filing, which confirmed an earlier Bloomberg News report, didn’t specify Xpeng’s fundraising size. The EV maker could raise as much as $2 billion in Hong Kong as soon as this year, according to people familiar with the matter, who asked not to be identified as the information is private.