Xpeng Motors, the Third Chinese EV Manufacturer to IPO on a U.S. Stock Exchange, Surges 52% in Stock Price
Xpeng Motors, a China-based EV manufacturer, increased its U.S. IPO by more than 33% to $1.5 billion, providing a valuation of approximately $11 billion. This IPO is the third major U.S. listing made by a Chinese EV company in the past two years. [more]