Chinese Tesla rival Xpeng Motors files for New York IPO

Earlier this year, Tesla beganXpeng currently has two cars on the market — the G3 SUV and the P7 sedan. The latter competes with Tesla's Model 3.

The company is planning to launch a third electric vehicle sedan in 2021, the company said in the SEC filing. However, net loss for the period shrank to 795.8 million yuan from 1.92 billion during the first six months of 2019. The trade war between the U.S. and China and subsequent tariffs could also hit Xpeng, the company warned.

greta They shouldn't get it they will damage American products and as we know they will dump cheap products to put Tesla out of business. They probably stole the technology anyway

greta Americans won’t be buying a Chinese virus car.

韭菜们，钱准备好了吗？

Now we will have an Electric Need for Speed.

no to communist china ! until they comply to USA laws !

Time for another EO realDonaldTrump ?

Will Xpeng be subject to the full accounting rules like every other non Chinese company? If so, let them list. If they will not, then they should not be allowed to list.

Why bother? The Trump regime will find some reason to force this Chinese company to sell itself to Tesla.

Attention all Robinhooders.

probably ripped off tech from tesla

Give it to Ford! They'll sort this out

Untouchable stock back by CCP

No more China IPO unless companies submit to correct audits as all other listings do . Let them stay in corrupt China exchange. They are all Luckin coffee’s

no, push back !

We can't even Audit their financial statements, yet we let them raise funds on our markets. Hope that elonmusk gives them a proper ass kicking, and educate them about the benefits of free markets.

elonmusk what are your thoughts on this

Intellectual stealing of property.

$CLRB $ANPC get some

Stupid move

ajit_p_singh Trump should ban all Chinese IPOs. They are stealing USD to make them stronger.

I will avoid any Chinese owned whenever I can. Go Tesla!!

This no surprise. Every engineer and professional know that any technology sent / manufactured in China will be reproduced. Now, the Fortune500 & US .gov must understand how to stay competitive and keep Americans employed with such prototyping. Especially with Covid environment

More China Hustle. No obligation to report true financials to the sec

Is it me, or do all EV’s look the same?

Get ready for a Huawei-type of reaction from the US government 😅

Seems to me like NIOGlobal is the real rival

Nope.

Step one: allow Tesla to build a plant in China. Step two: require company to partner with Chinese govt. step three: build a Chinese competitior.

Ok. You Build factories overseas, but you should hire Americans who are willing to work over there. They can eat MC Donald and other Americans.

f**k china

NIOGlobal figured you might want to give them a heads up here....

Are we really debating this? Nio all the way 🤝

Why is Chinese ipo still happened? No accounting audit. Do the last batch of money transfer by Wall Street?

🙄

Really.

How much technology has Xpeng stolen?

No Tesla rival. They are all gas car rivals, until they take at least half of the global market share... now they are at 5% 🤷‍♂️

Dang, noone cares.

Chinese tesla rival is NIOGlobal

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