China's Xpeng Motors plans to raise $1.1 billion in New York IPO

Xpeng Motors, a Chinese electric automaker backed by Alibaba, is heading to the New York Stock Exchange, where it hopes to raise up to $1.1 billion — even as relations between Beijing and Washington continue to worsen.

source https://www.cnn.com/2020/08/24/investing/xpeng-motors-ipo-new-york-intl-hnk/index.html