Reuters Exclusive: NIO, Li Auto, Xpeng plan to go public in Hong Kong.

On March 9th, Reuters reported, citing people familiar with the matter, that NIO, Xpeng, and Li Auto plan to go public in Hong Kong as soon as this year.

The sources further revealed that these three companies plan to sell at least 5% of their shares, and based on their US stock market values, the three companies are expected to raise a total of $5 billion.

In addition, the sources also indicated that Xpeng and Li Auto may choose to have dual primary listings in Hong Kong, while Xpeng is considering a third listing on the Shanghai STAR Market.

Currently, the 2020 full-year financial data for NIO, Xpeng, and Li Auto have all been released.

Overall, all three companies achieved positive gross margins. NIO had the highest revenue for the full year, while Li Auto had the highest annual gross margin.

🔗Source: Reuters

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