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Electric Vehicle Startup Xpeng Motors Plans to Sell Another 40 Million American Depositary Shares as Investor Interest Remains High

Electric Vehicle Startup Xpeng Motors Plans to Sell Another 40 Million American Depositary Shares as Investor Interest Remains High

Chinese electric vehicle startup Xpeng Motors plans to sell another 40 million American Depositary Shares (ADS) to the public, which represent 80 million Class A ordinary shares. The offering comes as companies developing electric vehicles and other related technology continue to be hot stocks for investors. Xpeng launched its U.S. IPO in August. The company’s shares are listed on the NYSE under the stock symbol "XPEV”.

FutureCar Staff 2020-12-08 17:30 PT

Xpeng Motors Announces its Next-Gen 5G-Powered Autonomous Driving Architecture

Xpeng Motors Announces its Next-Gen 5G-Powered Autonomous Driving Architecture

Electric vehicle startup Xpeng Motors is emerging as a strong competitor to Tesla in China with its advanced battery-powered vehicles. In addition to building advanced EVs, the company is focused on autonomous driving and vehicle connectivity. The latest result of that work was announced at Auto Guangzhou 2020, when the company announced its next-generation autonomous driving architecture.

Eric Walz2020-11-20 12:15 PT