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Xpeng Priced, NYSE: XPEV

Manufactures smart electric SUVs and sedans in China.

Industry: Consumer Discretionary

Latest Trade: $20.05 0.00 (0.0%)

First Day Return: +41.5%

Return from IPO: +33.7%

Industry: Consumer Discretionary

We are one of China’s leading smart electric vehicle, or Smart EV, companies. We design, develop, manufacture and market Smart EVs in China. Xpeng was founded in 2015 with a vision to bring Smart EVs to Chinese consumers through innovation in autonomous driving, smart connectivity and core vehicle systems. Today, we are a proven leader in the rapidly growing Smart EV market, producing popular and environmentally-friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). Our Smart EVs offer attractive design and high performance, coupled with safety and reliability. According to the IHS Markit Report, the G3 was among the top-three best-selling electric SUVs in China in 2019. The P7 offers an NEDC range of up to 706 km (439 miles) on a single charge, which is the longest among EVs that are available in China, based on the MIIT NEV Catalogues. Our Smart EVs appeal to the large and growing base of technology-savvy middle-class consumers in China. We primarily target the mid- to high-end segment in China’s passenger vehicle market, with prices ranging from RMB150,000 to RMB300,000, for our Smart EVs. According to the IHS Markit Report, the mid- to high-end segment represented 30.6% of China’s passenger vehicle market by sales volume in 2019 and had a higher EV penetration rate than other price segments.
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IPO News for Xpeng
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IPO Data
IPO File Date 08/07/2020
Offer Price $15.00
Price Range $11.00 - $13.00
Offer Shares (mm) 99.7
Deal Size ($mm) $1,496
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/26/2020
Offer Price $15.00
Price Range $11.00 - $13.00
Offer Shares (mm) 99.7
Deal Size ($mm) $1,496
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Guangzhou, China
Founded 2015
Employees 3,676
Website en.xiaopeng.com