China's EV maker Lixiang is said to have filed for US IPO of at least $500m

China's EV maker Lixiang is said to have filed for US IPO of at least $500m

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Chinese electric vehicle maker Lixiang Automotive has filed for a U.S. initial public offering, aiming to raise at least $500 million, said two people with direct knowledge of the matter, joining peers seeking to finance growth through stock listings. Lixiang, also known as CHJ Automotive, founded by entrepreneur Li Xiang, confidentially filed in December for the IPO, which will take place as early as the first half of 2020, said the people.

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