Tesla rival Xpeng Motors got an approval to be listed in Hong Kong Exchange

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  • U.S. listed Chinese EV maker Xpeng (NYSE: XPEV) got the green light to continue with an IPO in Hong Kong after months of debating.
  • The listing will raise between $1 billion to $2billion.
  • This means that the company will have to comply with both the U.S. and the Hong Kong regulators.
  • This will also bring mainland Chinese investors to buy shares in the company and potentially increase its pool of investors and thus the price.

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