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March 9, 2026 •• 11 minutes ago •• Read for 3 minutes •• Join the conversation

Hong Kong / Beijing — Chinese electric vehicle (EV) makers listed in the United States, Li Auto Inc, Nio Inc and Xpeng Inc, will be listed in Hong Kong soon this year, bringing an expanding investor base to their homes. Closer, people with direct knowledge say. Of the problem.

People said each trio aims to sell at least 5% of the expanded equity capital at its Asian hub. Based on Monday’s market capitalization in New York, revenue could reach $ 5 billion.

One of those who did not reveal their identity due to confidentiality restrictions said the companies are working with advisors on sales that could begin as early as mid-year.

Li Auto, Nio and Xpeng, which have raised $ 14.7 billion in the US market since 2018, declined to comment. US-listed stocks of the three automakers rose between 3.7% and 5.3% in early trading.

The plan is to fund technology development and expand its sales network to increase its competitiveness in the world’s largest EV market, where US peer Tesla is expanding sales of Chinese cars. This will be achieved by strengthening our funding efforts.

The industry expects new energy vehicle (NEV) sales in China to increase nearly 40% from last year to 1.8 million units, which will be important for EV makers to gain market share this year. It’s a schedule.

“Despite having far more resources than a year ago, EV start-ups still need to invest heavily in next-generation technologies,” said ShiJi, an analyst at Haitong International. “If so, it’s a good move to investigate a secondary listing that is much closer to their domestic market.”

Selling shares in Hong Kong will also add a trio to many New York-listed Chinese companies seeking presence on more local exchanges amid political tensions in Central America. Let’s do it.

Zhang Zihua, Chief Investment Officer of Beijing Yunyi Asset, said such an increase in listings “increased the global position of Hong Kong’s capital markets, allowing issuers to reach higher valuations and raise more capital. It also helped me to do it. “

Tracking record

Hong Kong rules require good regulatory compliance for at least two fiscal years on another eligible exchange for a secondary listing.

Li Auto and Xpeng were released in the United States in the middle of last year, so they are likely to apply for a double primary listing in Hong Kong, three people who are directly aware of the issue said.

In accordance with Hong Kong’s dual primary listing rules, companies are subject to full stock exchange requirements and a second exchange in Hong Kong, but are not bound by the two-year terms.

Xpeng is also considering a third listing on the STAR Market in Shanghai for new economy companies, the other two said.

“In the long run, it’s beneficial for consumer-centric companies like us to connect with domestic capital markets and domestic investors,” Xpeng President Brian Gu told Reuters last week about its listing plans in Hong Kong. Refused to comment on.

“This is the direction we should pay attention to.”

Going green

The Chinese government is significantly promoting NEVs such as battery-powered plug-in gasoline electric hybrid vehicles and hydrogen fuel cell vehicles in response to chronic air pollution, raising the interest of technology companies and investors ..

Reuters reported last month that telecommunications company Huawei Technologies Co Ltd plans to sell EVs as early as this year.

China predicts that NEV will account for 20% of annual vehicle sales from about 5% in 2020 to 2026.

Last year, domestic vehicle shipments were 32,624 for Li Auto, 43,728 for Nio and 27,041 for Xpeng. Industry data shows when compared to Tesla’s 147,445 vehicles. (Reported by Julie Zhu and Scott Murdoch in Hong Kong, Yilei Sun in Beijing, edited by Sumeet Chatterjee and Christopher Cushing)

The partnership with Financial Post provides a detailed report on The Logic’s innovation economy.

This year’s China EV Trio Eye HK List will raise a total of $ 5 billion in sources