Kyodo News Stills via Getty Images Chinese electric car maker Xpeng aims to raise $ 1.5 billion in a first public offering, it said Thursday. The Tesla competitor said it would sell 99.7 million U.S. depository shares for $ 15 each. It increased the total it had planned in large …
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Text size Tesla stock is more than 40% above its 50-day moving average. Sean Gallup / Getty Images After a short break Wednesday after a 5-day rally that added more than $ 500, or 36%, to the share price, Tesla shares were on the move again, up nearly $ 100, …
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Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
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Chinese electric car maker XPeng, whose investors include internet heavyweight Alibaba Group and smartphone supplier of Beijing Xiaomi, submitted to go into the United States on Friday. The move comes after the June 30 Nasdaq listing of Li Auto, which raised $ 1.1 billion and whose shares have increased. They …
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