Chinese EV maker Xpeng shares fall in HK as it eyes global rollout

Going big: The Xpeng P7 performance electric vehicle is seen outside the New York Stock Exchange ahead of the Chinese company’s IPO in New York in August last year. — Reuters

BEIJING: Chinese electric vehicle maker Xpeng Inc shares fell by up to 3.5% in its $1.8 billion Hong Kong dual primary listing on Wednesday as the company said it would develop future models based on product platforms designed for international markets.

Xpeng shares opened 1.8% higher from the HK$165 per share issue price but the positive tone was short-lived.