Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listing Stocks News Feed

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A XPeng Motor P7 electric vehicle is displayed for sale at Wanda Plaza on May 9, 2021 in Beijing, China. VCG| Getty Images GUANGZHOU, China — U.S.-listed Chinese electric carmaker Xpeng Motors has got the green light to carry out an IPO in Hong Kong that could raise between $1 billion to $2 billion, a source close to the matter told CNBC . It comes as China’s electric vehicle market becomes increasingly competitive. Hong Kong Exchanges and Clearing’s listing committee gave Xpeng the green light, added the source, who was not authorized to speak publicly about the matter. Xpeng is...