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Chinese Tesla Rival Xpeng Files for U.S. IPO

By
Shai Oster
· · Source: South China Morning Post

Xpeng, a Chinese electric vehicle maker competing with Tesla, has filed confidentially for an initial public offering in the U.S., in a listing that could raise $500 million, the South China Morning Post said. The listing comes even as China’s electric vehicle sales continue to decline amid a broader slump in car sales worsened by the Covid-19 pandemic and the reduction of subsidies for EV...

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