(Bloomberg) — Chinese electric-car startup Xpeng Motors has filed for a U.S. initial public offering, right behind rival Li Auto Inc. which raised $1.1 billion last month.Filing with the U.S. Securities and Exchange Commission on Friday as XPeng Inc., the company listed the size of the offering as $100 million, a placeholder that will likely change.Electric-vehicle makers have been enjoying a surge in investor interest after strong share price gains this year in Tesla Inc. and NIO Inc. Li Auto, which increased the size of its IPO, has since climbed 61%, more than tripling its valuation prior to the listing.Guangzhou-based …read more
Source:: Yahoo Finance
