, which listed last week, has seen its shares rise 45% since its debut. Meanwhile, Tesla is over 237% higher year-to-date.
But Xpeng's upcoming listing also comes at time of rising tensions between the U.S. and China which could impact foreign firms trading on Wall Street. In May, thethat would increase scrutiny on Chinese firms trading on American exchanges and carries the threat of delistings for some foreign firms. China has spawned lots of electric car makers, thanks to favorable policies such as state subsidies. While some have collapsed, a handful including Xpeng, Nio and Li Auto, are pushing forward to get a slice of the world's largest electric car market.
Last month, Xpeng Motors started deliveries of its new P7 sedan — which is seen as a competitor to Tesla's Model 3. In January, Tesla began rolling out Model 3 cars
Its optimism of selling 50 million elect. cars in CH alone. It plans to build electronic heavy trucks in near future. The trump's tradewar causes a heavy casualty of trust on US business with CH consumers.
Ponzi.
Just wonder why still go to U.S. after what happened in these few years… Don't they worry about getting robbed by some president…
Trump taketh and givith to Musk.
a ban china
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