Tesla Rival Xpeng Sees No Immediate Threat Of Getting Delisted From US, Says Prepared For Any Eventuality

U.S. listed Chinese electric vehicle maker $XPeng (XPEV.US)$ President Brian Gu said the company is prepared for all eventualities if it is forced to de-list from American exchanges, a threat that is at least "several years away," Bloomberg News reported on Wednesday.

What Happened: The Xpeng executive said the company is closely tracking the ongoing de-listing fallout with China ADRs as well as the accounting issue.

Xpeng — which is listed in both the U.S. and Hong Kong — expects the Chinese government to continue supporting the global EV expansion. The executive said it took decades for auto companies who made an effort to make a mark on the U.S. exchanges.

Earlier this month, Xpeng reported monthly delivery numbers that came ahead than those of local rivals $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$