Chinese EV maker XPeng looks to raise up to $1.11b in US IPO

Chinese EV maker XPeng looks to raise up to $1.11b in US IPO

FILE PHOTO: A woman walks by an Xpeng Motors showroom at its headquarters in Guangzhou, Guangdong province, China May 18, 2020. REUTERS/Yilei Sun

Chinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to $1.11 billion in its initial public offering (IPO) in New York, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained.

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