Chinese electric vehicle (EV) and self-driving technology companies are turning to initial public offerings (IPOs) to secure funding. The move comes as the Chinese government seeks to promote domestic innovation and reduce reliance on foreign capital. Several firms, including XPeng and Li Auto, have already filed for IPOs in the United States, with more expected to follow.

Source: https://www.ft.com/content/8d49ddd9-5c9a-4f44-a3b7-a90517540ff7