new delhi the listing committee of the hong kong stock exchange has approved chinese electric vehicle maker xpeng inc for a dual primary listing in the asian financial hub a source with direct knowledge of the matter told reuters a dual primary listing is different from a secondary listing and will allow qualified chinese investors to invest in the company through the stock connect regime linking mainland chinese and hong kong markets according to the exchanges rules reuters reported xpengs hong kong listing plan in march citing people familiar with the matter rival nio inc and li auto have similar plans sources said advt xpeng which went public in new york last year has a market capitalisation of 32 billion it is based in the southern city of guangzhou and makes two sedan models and one sportutility vehicle model at two domestic factories it sells mainly in china the worlds biggest car market where it competes with tesla inc and nio led by ceo he xiaopeng xpeng is developing smart car technologies such as autonomous driving functions with an inhouse team of engineers and plans two new car plants in china xpengs backers include alibaba group and xiaomi corp sales of new energy vehicle nev including batteryelectric plugin hybrid and hydrogen fuel cell vehicles in china are expected to grow more than 40 a year in the next five years a senior official at the china association of automobile manufacturers caam said last week tesla puts brake on shanghai land buy as uschina tensions weigh sourceswith 25 tariffs on imported chinese electric vehicles imposed on top of existing levies under former president donald trump still in place tesla now intends to limit the proportion of china output in its global productionsee more details reuters published on jun 23 2021 at 0105 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app xpeng gets approval to list in hong kong market valuation electric vehicles tesla xpeng stock listing ev maker investments chinese ev market international homenewsindustrychinas ev maker xpeng gets approval to list in hong kong