Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal

Iconiq Motors, a Chinese electric vehicle firm, is considering going public in the U.S. through a merger with a blank-check company, according to people familiar with the matter.

The startup is working with an adviser on a potential deal that could value the combined company at about $4 billion, according to one of the people.

Iconiq could become publicly traded through the special purpose acquisition company as soon as the end of this year, another person said, asking not to be identified as the details are private.

Iconiq Motors Seven electric vehicle

Source: Anadolu Agency/Getty Images

Discussions are at an early stage and there is no guarantee ...