XPeng to be Added to The Hang Seng TECH Index as a Constituent Stock
19 February 2022 - 1:15AM
Business Wire
XPeng Inc. (“XPeng” or the “Company,” NYSE: XPEV, HKEX: 9868), a
leading Chinese smart electric vehicle (“Smart EV”) company, is
pleased to announce that it will be included in the Hang Seng TECH
Index as a constituent stock, effective March 7, 2022. according to
the announcement made today by the Hang Seng Indexes Company
Limited.
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the full release here:
https://www.businesswire.com/news/home/20220218005301/en/
XPENG P7 (Photo: Business Wire)
The inclusion of XPeng is a strong endorsement of the Company’s
underlying strength as a technology leader in the smart mobility
industry, demonstrating investors’ confidence in the Company’s
track record, investment value and future prospects.
“We are very excited to be included as a constituent stock in
the Hang Seng TECH Index. We are particularly proud of being one of
the first to join this Index as an 'Autonomous' technology theme.
To be chosen as part of one of the most recognized Hong Kong stock
market indices reinforces our vision of transforming smart mobility
with technology and our strategy to bring the most sophisticated
technologies to a broad base of customers,” said He Xiaopeng,
Chairman and CEO of XPeng.
The Hang Seng Family of Indexes are widely regarded as the most
important gauge of the Hong Kong stock market. The Hang Seng TECH
Index represents the 30 largest technology companies listed in Hong
Kong that have high business exposure to technology themes and pass
the index's screening criteria.
Hang Seng TECH Index has added “Autonomous” technology as a
sixth eligible theme for constituent selection, covering activities
such as self-driving, autonomous robots, internet of things and
smart lifestyles.
Earlier in February, the Company’s Ordinary Shares traded on The
Stock Exchange of Hong Kong Limited (“HKEX”) were included in the
Shenzhen and Shanghai-Hong Kong Stock Connect programs, enabling
qualified Mainland Chinese investors to have direct trading access
to the shares through the Stock Exchanges in the Mainland.
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. Its mission is to explore and 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 main offices in Beijing, Shanghai,
Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs
are manufactured at its plant in Zhaoqing, Guangdong province. For
more information, please visit https://en.xiaopeng.com.
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/20220218005301/en/
For Investor Enquiries: IR Department XPeng Inc. Email:
ir@xiaopeng.com
Jenny Cai The Piacente Group Tel: +1 212 481 2050 / +86 10 6508
0677 Email: xpeng@tpg-ir.com
For Media Enquiries: Marie Cheung XPeng Inc. Tel: +852 9750 5170
/ +86 1550 7577 546 Email: mariecheung@xiaopeng.com
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