News Snapshot:
Chinese automakers have been trying to enter the US automotive market for years and so far have found little success. This could change with Xpeng Motors. According to CNBC, the Chinese electric vehicle start-up company has filed for an initial public offering on the New York Stock Exchange. The Securities and Exchange Commission's filing, published last Friday, shows the automaker intends to sell 429,846,136 class B ordinary shares but did not disclose how many Class A ordinary shares will be up for grabs. Xpeng currently has two vehicles for sale in its native China, the G3 SUV and the P7...
