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markets asia

Three U.S.-Listed Chinese EV Makers Plan Secondary Listings in Hong Kong

By
Juro Osawa
· · Source: Reuters

Three major New York-listed Chinese electric vehicle makers are planning secondary listings in Hong Kong as soon as this year to tap investors closer to home, Reuters reported. The combined proceeds of the Hong Kong listings of Nio, Xpeng and Li Auto, which all compete with Tesla in China, could reach $5 billion, according to Reuters. Their discussions come as the three companies’ stocks in...

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