XPeng CEO: Only True Marker For EV Success Is Long Term Performance
https://wccftech.com/xpeng-ceo-interview-ev-success/
The Xpeng P7 sedan when viewed from the back. Image: Xpeng
The big news in the electric vehicle sphere yesterday was the initial public offering (IPO) of Chinese manufacturer Xiaopeng Motors. Xiaopeng also referred to as XPeng, raised $1.5 billion in proceeds from its IPO, as it stock price bubbled by more than 40% after shares were listed for sale to retail investors. XPeng listed its shares for a $15 price on the New York Stock Exchange and it managed to sell roughly 100 million shares during the course of the day.