XPeng (9868) is reportedly weighing a potential initial public offering for its flying car subsidiary, Xpeng Aeroht, according to Bloomberg, citing sources.
The Chinese electric vehicle manufacturer has invited banks to propose roles in a possible IPO that could be launched in either Hong Kong or the United States, the report said.
However, the discussions are still underway, and the company may ultimately choose a different path or abandon the listing altogether, the sources said.
Xpeng has not commented on the matter.
Xpeng Aeroht, formally established in 2020 following Aeroht’s founding in southern China in 2013, has since secured various approvals and funding, including US$150 million (HK$1.1 billion) in 2024 alongside a Series B2 funding round.
STAFF REPORTER
