ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

China's EV troika marches to Wall Street as Xpeng joins listing wagon

Tesla aspirant surges over 50% on trading debut after $1.5bn upsized offering

HONG KONG/NEW YORK -- The three leaders on China's electric-vehicle scene are now all trading in the U.S. after Xpeng Motors' blockbuster listing Thursday on the New York Stock Exchange, defying Sino-American tensions.

The Chinese startup opened 54% higher on its first trading day amid strong demand, after raising $1.5 billion -- more than it had originally sought -- in an initial public offering.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more