As the cost for long-range batteries decreases, new players take charge of jumping onto EV manufacturing while the trend in eco-friendly cars is soaring. After Tesla, Nissan, and GM there are many old and new brands start following by fundraising through IPO.
Chinese Li Auto could successfully launch the IPO a couple of weeks ago. Recently, Xpeng Motors filed for IPO in NYSE with the intention of raising funds to manufacture its EV models that are already popular on the roads of China.
NYSE: XPEV is the name of Xpeng Motors that will be traded in American NYSE soon as the Exchange Commission approves. Most investors should be alert before the shares are out to be sold.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.