The Chinese EV standard winning globally is banned in the U.S.

A person demonstrates a video game on the touch screen in an Xpeng P7 electric vehicle outside the New York Stock Exchange in New York, U.S., on Thursday, Aug. 27, 2020. Chinese electric-car startup Xpeng Inc. is set to raise $1.28 billion after guiding its U.S. initial public offering above a marketed range, people familiar with the matter said, showing strong investor interest in the sector is not abating. Photographer: Jeenah Moon/Bloomberg via Getty Images