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XPeng’s electric vehicle (EV) P7 is introduced during the Shanghai auto show’s media day on April 16, 2019 in Shanghai, China. Aly Song/File Photo/REUTERS Reuters, 7 July – In the company’s dual primary listing debut in Hong Kong on Wednesday, shares of Chinese electric vehicle (EV) maker Xpeng Inc (9868.HK) are expected to open up 1.8 percent from their initial public offering (IPO) price. The stock is expected to open at HK$168 per share, up from HK$165 during the IPO. The percentage increase contrasts with the benchmark Hang Seng Index (.HSI) falling 1.1 percent and the Hang Seng China Enterprises Index falling 1.2 percent (.HSCE). The American Depository Shares (ADS) of Xpeng, which are traded on the New York Stock Exchange, were up 0.7 percent at $44.05 per late Tuesday. Two Hong Kong shares are equal to one ADS. In a deal completed last week, the business raised $1.8 billion by selling 85 million shares. Donny Kwok contributed reporting, while Christopher Cushing edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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