Banners of XPeng Inc. are seen on the building of New York Stock Exchange (NYSE) in New York, the United States, Aug. 27, 2020.(Xinhua/Wang Ying)
BEIJING, July 7 (Xinhua) -- XPeng Inc., a leading smart electric vehicle (EV) manufacturer in China, made its debuts on the Hong Kong Stock Exchange on Wednesday, under stock code 9868.HK, the Beijing Daily reported.
As the first smart EV manufacture going public in Hong Kong, Xpeng issued 85 million Class A ordinary shares worldwide.
The EV manufacture is expected to raise over 14 billion Hong Kong dollars via this initial public offering (IPO) , making it the fifth largest IPO on Hong Kong bourse this year.
The company said the raised fund will be used for technological upgrades in R&D and manufacturing of new models, brand-new smart electric platforms and related ecosystems for the Internet of Vehicles.
In the first quarter of 2021, the company saw its total revenue reach 2.951 billion yuan, surging 616.1 percent year on year.
In August last year, XPeng went public on the New York Stock Exchange (NYSE), trading under the ticker symbol of "XPEV."
(Edited by YangYifan with Xinhua Silk Road, yangyifan@xinhua.org)
A single purchase
