Xpeng IPO

Xpeng Pros & Cons

As I wrote last night (er, early this morning), Xpeng has made the next step in its IPO process by indicating its expected share price at IPO ($11–13) and the fact that it aims to raise $1.1 billion on the high end of that target.

Xpeng IPO Update — Aims To Raise $1.1 Billion

“Smart” electric vehicle startup Xpeng filed for an IPO on the New York Stock Exchange (NYSE) a couple of weeks ago (the SEC filing is here), and I essentially broke the news while also diving into the company more than I think any other media site did. There’s now an update on the filing — Xpeng is aiming to raise $1.1 billion.

Xpeng Motors Ready For IPO In USA

Xpeng Motors, a popular electric vehicle startup in China that has unabashedly followed Tesla’s lead, that used patents that Tesla opened up for anyone to use, and that designed and developed cars that clearly resemble Teslas (yet do have their own design language) is readying for an IPO in the United States.