XPeng to Join Hang Seng Composite Index
09 July 2021 - 2:37AM
Business Wire
XPeng Inc. (“XPeng” or the “Company”) (NYSE: XPEV, HKEX:
9868.HK), a leading Chinese smart electric vehicle (“Smart EV”)
company, will be added to Hang Seng Composite Index after market
close on 20 July 2021.
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the full release here:
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XPeng P7 in Hong Kong (Photo: Business
Wire)
Hang Seng Indexes Company Limited announced on 8 July 2021 that
XPeng Inc. meets the Fast Entry Rule of various indexes, and will
be added to the Hang Seng Composite Index after market close on 20
July 2021. All changes will come into effect on 21 July 2021.
XPeng will also be added to the Hang Seng Composite Industry
Index - Consumer Discretionary, as well as the Hang Seng Composite
LargeCap Index, the Hang Seng Composite LargeCap & MidCap
Index, and the Hang Seng Consumer Goods & Services Index.
The Company’s shares began trading on the Main Board of The
Stock Exchange of Hong Kong Limited (HKEX) on July 7, 2021 under
the stock code “9868”. XPeng’s HKEX-listed shares will be fully
fungible with the Company’s American depositary shares on the New
York Stock Exchange (NYSE).
XPeng’s listing on the HKEX marks an important milestone for the
Company and the electric vehicle sector. Now XPeng is the world’s
first Smart EV company listed on both the NYSE and HKEX, two of the
leading stock exchanges in the world, constituting the first
dual-primary listing of a Chinese company on the HKEX since July
2018.
“As a front runner in China’s Smart EV industry, we are
delighted to be included in the Hang Seng Composite Index,” said
Dr. Brian Gu, XPeng Vice Chairman and President. “Inclusion in the
Hang Seng Composite Index and the primary listing status in Hong
Kong are the key requirements for the Stock Connect scheme.”
This dual-primary listing not only broadens the Company’s access
to capital, diversifying its investor base, but also fulfills its
long-term strategic objective to be listed in its home region, with
direct access to China-based investors, who are likely to be
XPeng’s customers. The Stock Connect scheme is the landmark mutual
market access programme linking the Hong Kong and Mainland China
equity markets.
“We will focus on our strategic roadmap to achieve sustainable
growth and maximize shareholder value in the long term,” Dr. Gu
added.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that
designs, develops, manufactures, and markets Smart EVs that appeal
to the large and growing base of technology-savvy middle-class
consumers in China. Its mission is to drive Smart EV transformation
with technology and data, shaping the mobility experience of the
future. In order to optimize its customers’ mobility experience,
XPeng develops in-house its full-stack autonomous driving
technology and in-car intelligent operating system, as well as core
vehicle systems including powertrain and the
electrification/electronic architecture. XPeng is headquartered in
Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley
and San Diego. The Company’s Smart EVs are manufactured at plants
in Zhaoqing and Zhengzhou, located in Guangdong and Henan
provinces, respectively. For more information, please visit
https://en.xiaopeng.com.
Follow us on:
XPeng Twitter
XPeng LinkedIn
XPeng Facebook
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about XPeng’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: XPeng’s
goals and strategies; XPeng’s expansion plans; XPeng’s future
business development, financial condition and results of
operations; the trends in, and size of, China’s EV market; XPeng’s
expectations regarding demand for, and market acceptance of, its
products and services; XPeng’s expectations regarding its
relationships with customers, contract manufacturers, suppliers,
third-party service providers, strategic partners and other
stakeholders; general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in XPeng’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and XPeng does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210708005749/en/
For Media Enquiries: Marie Cheung XPeng Inc. Tel: +852
9750 5170 / +86 1550 7577 546 Email: mariecheung@xiaopeng.com
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