BEAMSTART Logo

Chinese EV manufacturer XPeng seeks for $1.11B IPO in New York

Xpeng delivered a total of 2,451 Smart EVs to customers in July 2020


Chinese EV manufacturer XPeng seeks for $1.11B IPO in New York | BEAMSTART News

- From our Sponsors -

Chinese electric vehicle (EV) manufacturer XPeng hopes to raise up to $1.11 billion in its IPO in New York. 

The company intends to sell 85 million American depositary shares (ADS), each representing two class A ordinary shares, priced between $11 and $13 per share.

- Featured Sponsor -

XPeng G3 (SUV)

XPeng was founded in 2015, and it is ranked as one of China’s leading Smart EV companies.

Its produces SUVs (G3) and 4-door sports sedans (P7). Xpeng G3 was among the top-three best-selling electric SUVs in China in 2019.

XPeng P7

XPeng delivered a total of 2,451 Smart EVs to customers in July 2020. It covers 52 major cities in China with its 147 stores and service centers. 

However, it has only recently started to generate revenues and has not been profitable since its inception.

- From our Sponsors -

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).