DIAL warmly congratulates XPeng Inc. (Stock Code: XPEV) on the IPO on the New York Stock Exchange on the evening of August 27, Beijing time!
XPeng Inc. is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture.
On the day of listing, XPeng Inc successfully ushered in the first transaction after listing on the New York Stock Exchange. The opening price was 23.1 US dollars, which was more than 55% higher than the issuance price, and the highest intraday increase was even more than 60%. By the end of the day, the first trading daily of XPEV closed at US $21.22 per share, 41.47% higher than the issue price, pushing the market value of XPEV to a peak of US $15.590 billion.
DIAL is honored to be appointed as an independent professional appraiser by XPeng Inc.