Xpeng’s P7 all-electric sedan. The carmaker opened a new assembly in southern China’s Guangdong province, after rolling out its 10,000th electric car from a contract manufacturer’s plant in 2019. Photo: Handout
Tesla’s Chinese competitor Xpeng completes debut with 41 per cent premium after upsizing IPO to US$1.5 billion
- Strong investor demand enables Xpeng to bump up offer size and price shares above its indicative range
- Chinese start-ups tap markets to prepare for a recovery in the mainland’s electric car sales in the second half
Xpeng’s P7 all-electric sedan. The carmaker opened a new assembly in southern China’s Guangdong province, after rolling out its 10,000th electric car from a contract manufacturer’s plant in 2019. Photo: Handout
