Chinese electric vehicle maker XPeng Motors files for US IPO

Chinese electric vehicle maker XPeng Motors files for US IPO

FILE PHOTO: A woman walks by an Xpeng Motors showroom at its headquarters in Guangzhou, Guangdong province, China May 18, 2020. REUTERS/Yilei Sun

Chinese electric-car startup Xpeng Motors has filed for a U.S. initial public offering, right behind rival Li Auto Inc. which raised $1.1 billion last month.