Xpeng Inc. $XPEV, a notable electric vehicle manufacturer, is actively considering the possibility of an initial public offering (IPO) for its subsidiary, Xpeng Aeroht, which is focused on developing flying cars. This move could mark a significant milestone not only for the company but also for the broader electric vehicle market, which has been gaining traction in recent years.

Shares of Chinese electric vehicle manufacturer Xpeng Inc. have shown notable growth following the announcement by the company's chairman about plans to commence mass production of flying cars and industrial robots by 2026. As a result, stock prices, listed on the Hong Kong Stock Exchange, surged by 7.1%, temporarily reaching levels not seen since August 2022.