HK Stock Market Move | XPENG-W (09868) rose by nearly 5%. It is reported that Xiaopeng Motors has submitted a confidential application for a Hong Kong IPO.

XPENG-W(09868) rose nearly 5%, as of the time of publication, it rose 3.67%, to 83.3 Hong Kong dollars, with a turnover of 3.71 billion Hong Kong dollars. On the news front, on January 12, according to market sources, Xiaopeng's flying car department - Xpeng Aeroht has appointed banks to prepare for its first public offering (IPO) in Hong Kong. It is reported that this Chinese electric vehicle manufacturer has chosen JPMorgan and Morgan Stanley as joint sponsors to promote the relevant listing work. Sources pointed out that Xpeng Aeroht has secretly submitted a share sale application, and the earliest possible listing time may be set for this year. Public information shows that Xpeng Aeroht has recently rebranded its international brand as "Aridge". In terms of production capacity layout, the company's intelligent manufacturing base in Guangzhou covers an area of 120,000 square meters. According to the design plan, the factory is expected to achieve efficient production capacity of one flying car every 30 minutes in the future. It is reported that its first mass-produced flying car is scheduled to begin customer deliveries by the end of 2026.