Xpeng Motors said on Monday it has priced its shares at HK$165 ($21.20) apiece and expects to raise about HK$14 billion in its upcoming IPO. Listed in the US, Xpeng’s Hong Kong offer price represents a 52% discount on its New York closing price of $43.74 on July 2. The Alibaba-backed EV maker said it will use the funds to develop self-driving technologies and expand its product offerings. [Company statement, in Chinese]