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Bloomberg Technology published this video item, entitled “XPeng President Gu on H.K. Listing, Regulatory Risks, Tesla” – below is their description.
Chinese electric-vehicle maker XPeng Inc. raised $1.8 billion in a homecoming share sale. The dual listing in Hong Kong will add to the company’s war chest at a time when rival Tesla Inc. is looking particularly weak in China. Vice Chairman and President Brian Gu discusses the listing, regulatory risks, competitions and the future of the EV market with Bloomberg’s Yvonne Man.
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In This Story: China
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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In This Story: Tesla
Tesla (NASDAQ: TSLA) is one of the biggest producers or electronic cars, and other, largely electronic, equipment.