（Cover image source: NIO）
On March 29, according to informed sources, NIO and XPeng have submitted applications for IPO to the Hong Kong Stock Exchange, while Li Auto has not yet filed an application.
Earlier, sources stated that NIO was in communication with investment banks such as Credit Suisse and Morgan Stanley, preparing for secondary listing in Hong Kong; XPeng was communicating with Bank of America and JPMorgan on its Hong Kong listing plan; and Li Auto was also discussing relevant matters with Goldman Sachs and UBS.
After the stocks of the three companies skyrocketed in the second half of last year, they began to decline at the beginning of this year. The recent rebound has dropped again after the publication of relevant bills by the US Securities and Exchange Commission.
In addition, there are reports that the three companies are considering the possibility of listing in mainland China.
So far, none of the three companies have commented on this.
🔗 Source: CN Stock News
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.