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