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Technology Stocks : The Electric Car, or MPG "what me worry?" -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (8932)	8/22/2020 10:03:49 AM
From: kidl	Read Replies (1) \| Respond to of 17575

Xpeng Motors aims to bring in more than $1B with IPO Aug. 21, 2020 11:48 AM ET\|About: Xpeng, Inc. (XPEV)\|By: Clark Schultz, SA News Editor Chinese automaker Xpeng Motors ( XPEV) expects to offer 85M ADSs at a price of $11 to $13 per ADS in its IPO. The company will raise more than $1.1B at the top end of the range. The company says it is primarily targeting the mid- to high-end segment in China's passenger EV market, with prices ranging from 150K renminbi ($21.7K) to 300K renminbi ($43.4K) for its Smart EVs. Xpeng says it is utilizing an omni-channel sales model, which combines a data-driven and targeted online marketing strategy with a physical sales and service network. As of June 30, the physical sales and service network consisted of a total of 147 stores and service centers, which cover 52 major cities in China. A snapshot from the filing: SEC Form F-1 Tesla (NASDAQ: TSLA), Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) are local competitors.