XPeng

As of August 26, Alibaba owned 19% of Xpeng's Class A common stock, or 13.3% of Xpeng's outstanding common stock, according to Alibaba and Xpeng's filings with the US Securities and Exchange Commission.

The NCM811 battery made by Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, has attracted much attention in the market since its launch in 2018. However, frequent media reports of spontaneous combustion in EVs loaded with the battery in recent days have brought the safety of the 811 battery to the spotlight.

On August 27, Xpeng went public on the New York Stock Exchange, and all three of China's leading electric car startups have since gone public.

Huami Technology announced on Thursday that the Amazfit GTR, Amazfit GTS are now available to unlock the Xpeng P7, an electric sedan made by Chinese EV maker Xpeng Motors.

On August 20, 2020, Chinese EV maker NIO launched its BaaS (Battery as a Service) battery rental service, which had been in the works for years. Less than half a month later, Xpeng Motors also launched a similiar program.

Alibaba-backed Xpeng Motors, which recently went public in the US, announced the launch of a new battery leasing service.

On August 27, Alibaba-backed EV maker Xpeng Motors went public on the New York Stock Exchange, raising $1.5 billion, making it the largest Chinese IPO in the US since Pinduoduo.

After NIO and Li Auto, China's third electric car startup has landed on the US stock market.

NIO, Li Auto and Xpeng Motors have a combined market capitalization of $50 billion, while Tesla has a market capitalization of $450 billion, meaning the three Chinese electric car companies have room to rise, according to CICC, a Chinese investment bank.

MSCI on Friday announced changes to the MSCI China All Ordinaries Index to include Chinese EV maker Xpeng Motors as a constituent of the MSCI China Standard Index and a constituent of the MSCI China Free Large Cap Index, which will be effective from September 11.