Huangpu EV manufacturer makes Hong Kong Stock Exchange

Electric vehicle (EV) manufacturer Xpeng Inc was listed on the Hong Kong Stock Exchange on July 7, issuing 85 million shares at a price of 165 Hong Kong dollars ($21) each.

A total of 14 billion Hong Kong dollars is set to be raised and used to help Xpeng diversify its product portfolio, elevate production capability, upgrade facilities, develop more advanced technologies, enhance brand recognition and accelerate global business expansion. 

Huangpu EV manufacturer Xpeng Inc is listed at the Hong Kong Stock Exchange on July 7.

Headquartered in Guangzhou's Huangpu district, Xpeng designs, develops, manufactures and markets smart EVs that appeal to a growing group of technology-savvy middle-class consumers. Its mission is to drive smart EV transformation with technology and data to shape the mobility experience of the future.

The enterprise went public in New York in August 2020 to raise a total of approximately $1.5 bilion. Its dual primary listing allows qualified Chinese investors to take part through a stock connect regime that links the Chinese mainland and Hong Kong markets.

As of now, Huangpu is home to 64 listed enterprises. It ranks first in Guangzhou and is among the top national economic development zones for the number of listed enterprises.

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