Xpeng's push for a New York IPO comes amid escalating tensions between the U.S. and China that have threatened Chinese firms listing on Wall Street.
Earlier this year, Tesla beganXpeng currently has two cars on the market — the G3 SUV and the P7 sedan. The latter competes with Tesla's Model 3.
The company is planning to launch a third electric vehicle sedan in 2021, the company said in the SEC filing. However, net loss for the period shrank to 795.8 million yuan from 1.92 billion during the first six months of 2019. The trade war between the U.S. and China and subsequent tariffs could also hit Xpeng, the company warned.
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