The huge penalty demand followed the Court's ruling that found Kwon and Terra liable for fraud in the aftermath of the massive collapse of the Terra ecosystem in 2022.
GUANGZHOU, China, June 01, 2024 (GLOBE NEWSWIRE) XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its