Xpeng

The site for Xpeng's production base in Wuhan was confirmed in late June when it bought an industrial site in Wuhan Economic and Technological Development Zone for RMB 212.51 million ($32.9 million).

Xpeng Motors moved quickly lower at the beginning of its Hong Kong trading, but then rebounded to close flat at the issue price.

China's NEV penetration could reach 30 percent by 2025, and even 60 percent in first-tier cities where there are restrictions on car purchases, he said.

If the patent is used for Xpeng's intelligent voice assistant, it is expected to improve its understanding of voice commands and present the results to the user in a better way on the interface.

Xpeng Motors is pleased to be listed in Hong Kong and believes it can be closer to local investors, and will consider listing on the A-share market in the future, Hong Kong Economic Times quoted Brian Gu, the company's vice chairman and president, as saying on Wednesday.

Xpeng Motors will launch a new product platform for international markets within two years and will consider global automotive regulatory norms in its development.

"Because the entry of these companies will accelerate the pie getting bigger, accelerate the smart experience getting stronger, and ultimately can accelerate the change or even disrupt the original model and system of the automotive industry," he wrote.

Xpeng Motors opened up 1.5 percent in 'grey market' trading on Tuesday, but quickly turned lower. Official trading of its shares will begin on Wednesday.

Hong Kong investors will be able to trade Xpeng shares on the grey market from 16:15-18:30 Beijing time on July 6, prior to the start of official trading.

Following its launch on June 25, Xpeng Motors' global offering has closed and its international offering and Hong Kong public offering were both oversubscribed.