Chinese EV maker Xpeng eyes global market after $1.8 billion HK listing
BEIJING (Reuters) – Chinese electric vehicle maker Xpeng Inc, which on Wednesday raised $1.8 billion from a Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said.
The shares opened in Hong Kong Wednesday at HK$168 each, up 1.8% from the stock’s issue price of HK$165.
Led by former Alibaba executive He Xiaopeng, the seven-year-old automaker is developing smart-car technologies including a smart cabin and autonomous driving. It is selling P7 and P5 sedans and G3 sport-utility vehicles.
Xpeng will roll out a new product platform with which it can develop several models of different segmentations and sizes, in two years, He told Reuters in an interview.
