Tesla Challenger Xpeng Launching Hong Kong Public Offering Following its U.S. IPO in 2020

China’s rising electric vehicle startup XPeng Inc. today announced the launch of its Hong Kong public offering as part of a global offering of 85,000,000 new Class A ordinary shares. The shares will be included on the Main Board of the Stock Exchange of Hong Kong Limited. The company’s American depositary shares (ADSs), each representing two Class A ordinary shares of the company, will continue to be listed and traded on the NYSE under the stock symbol “XPEV”.