LPNEWS
XPeng is focused on China's auto market, the world's largest. : China electric vehicle maker XPeng, whose investors include Internet heavyweight Alibaba Group and Beijing smartphone supplier Xiaomi, filed to go public in the United States on Friday. The move comes after the June 30 Nasdaq listing of Li Auto, which raised $1.1 billion and whose shares have soared. They closed down 8.7% on Friday at $16.89, but are still far above their $11.50 IPO price. XPeng aims to list at the New York Stock Exchange under the symbol XPEV.

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