Electric vehicle stocks have experienced stratospheric growth this year. What will they need to achieve in order to justify their share prices?
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Posted inTurf Wars
Xpeng, next up in wave of US IPOs, attracts big-name investors
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
Posted inHeavy Hitters
EV maker Xpeng raises additional $300 million: report
The Xpeng fundraise is its second in a year, and reflects growing optimism in China’s electric vehicle market after a disappointing 2019.
Posted inUp and Comers
EV startup Xpeng Motors raises $500 million
Last month, reports began circulating on Chinese media that Xpeng had secretly filed to float shares on a US stock market.
Posted inUp and Comers
Xpeng shares soar 41% in US debut, market cap nears Chinese auto giants
Six-year-old Xpeng Motors now has a market capitalization of nearly $15 billion, nearing the size of a number of giant Chinese automakers.
Posted inHeavy Hitters
Tesla ramps up China hiring in bid for ‘full vehicle autonomy’ by year-end
Tesla has been ramping up its hiring in China lately as part of a broader strategy to localize software and user data in the world’s biggest auto market
Posted inTurf Wars
Tesla’s apprentice: Is Tesla bullying its own biggest fan?
Tesla once nurtured competitors like Xpeng, but now it’s accusing the Chinese EV maker of theft through a lawsuit against a former Tesla engineer.
Posted inUp and Comers
Xpeng NEV partner eyes India market amid sales slump
Xpeng manufacturing partner Haima Auto is ready to follow Chinese biggest carmaker SAIC into the Indian market
Posted inTurf Wars
Tesla denied access to grand jury materials for ex-Xpeng engineer
Tesla requested access to Xpeng’s entire repository of autonomous-driving source code and clones of its executives’ hard drives.
Posted inOn the Cusp
Xpeng gets its own factory with carmaker acquisition
Electric vehicle maker Xpeng Motors is working to secure a production license to deliver its first sedan in July with the recent acquisition of a domestic automaker. Why it matters: Owning a factory allows Xpeng to retain control over quality and minimizes risks from outsourcing production such as delivery delays and price increases. Beijing has […]
