Fresh from NYSE-listing, raising almost $1.5bn, Xpeng Motors has outperformed market expectations amid Covid-19 economic slump and deteriorating US-China relations.
Why
Booming market
The electric vehicle market has grown rapidly in recent years.
Heavy dependence on petroleum
Car owners who run petroleum-based vehicles are vulnerable to price spikes and disruptions in supply.
Parking difficulties
A dearth of parking means most Chinese drivers have to squeeze into too small spaces.
Market
2m
Chinese EV demand is expected to reach 2m by 2020.
The rest of the content is only available if you are logged in.
