Xpeng (9868 HK) has hired banks to work on an IPO of its flying car unit, Xpeng Aeroht, in Hong Kong, Bloomberg reports citing sources.

Xpeng (9868 HK) has hired banks to work on an IPO of its flying car unit, Xpeng Aeroht, in Hong Kong, Bloomberg reports citing sources.

Xpeng's decision to hire banks for an IPO of its flying car unit, Xpeng Aeroht, indicates a strategic move to unlock value in an emerging sector. This could signal investor confidence in innovative mobility solutions, potentially enhancing Xpeng's valuation and positioning in the tech market. However, regulatory scrutiny and market reception will be key factors to watch in the lead-up to the IPO.