News Snapshot:
On Friday, media reports suggest that Li Auto had filed for listing on the Hong Kong Stock Exchange in May. The listing follows Xpeng Motors’ method of a dual primary listing, one in Hong Kong and the other overseas. Goldman Sachs is one of the underwriters of the deal. Li Auto has not respond yet. The dual listing means that Li Auto will face a much more stringent review than the secondary IPO in Hong Kong. Li Auto’s listing is similar to Xpeng Motor’s on the HKSEon July 7. Li Auto has been listed in the US since July 2020....
