Xpeng’s IPO date and pricing are a must-know amongst traders eager to take part within the Chinese language EV (electrical automobile) stock’s public itemizing. Alibaba-backed Xpeng plans to listing its stock within the U.S., taking a special path than Ant Group, the opposite Alibaba-backed Chinese language startup. Ant Group’s IPO will happen in Shanghai and Hong Kong.Xpeng’s IPO plan comes as gross sales of its EVs are hovering. The corporate at present has two EV models in the marketplace. Its flagship merchandise are an SUV, the Xpeng G3, and a sedan, the Xpeng P7. The sedan launched in April and has shipped 1,966 items since, with 1,641 items bought final month alone. Xpeng has bought a complete of greater than 20,700 EVs.
