FILE PHOTO: A woman walks by an Xpeng Motors showroom at its headquarters in Guangzhou, Guangdong province, China May 18, 2020. Picture taken May 18, 2020. REUTERS/Yilei Sun
(Reuters) – Chinese electric vehicle manufacturer XPeng Inc said it is hoping to raise up to $1.11 billion in its U.S. initial public offering, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained.
The company intends to sell 85 million shares American depositary share (ADS), each representing two class A ordinary share, priced between $11 and $13 per share, XPeng said on Friday.
Reporting by Noor Zainab Hussain and Niket Nishant in Bengaluru, Editing by Sherry Jacob-Phillips
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