Xiaopeng Holdings is reportedly submitting its Hong Kong IPO application in a confidential manner, and is partnering with Morgan Stanley and Goldman Sachs. It is expected to debut on the Hong Kong Stock Exchange as early as this year.

According to sources familiar with the matter, Xiaopeng Motors has hired banks to assist its flying car division in Hong Kong's initial public offering. The sources revealed that the Chinese electric vehicle manufacturer Xiaopeng Motors has selected JPMorgan and Morgan Stanley to prepare for its listing. As the information is confidential, the sources requested anonymity. They also stated that Xiaopeng Motors has secretly submitted its listing application, which could potentially be completed as early as this year.