{"id":511042,"date":"2021-07-08T12:40:04","date_gmt":"2021-07-08T16:40:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-to-join-hang-seng-composite-index\/"},"modified":"2021-07-08T12:40:04","modified_gmt":"2021-07-08T16:40:04","slug":"xpeng-to-join-hang-seng-composite-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-to-join-hang-seng-composite-index\/","title":{"rendered":"XPeng to Join Hang Seng Composite Index"},"content":{"rendered":"

<\/p>\n

XPeng to Join Hang Seng Composite Index<\/b><\/p>\n

GUANGZHOU, China–(BUSINESS WIRE<\/a>)–
\nXPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d) (NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, will be added to Hang Seng Composite Index after market close on 20 July 2021.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210708005749\/en\/<\/a><\/p>\n

\"XPeng<\/p>\n

XPeng P7 in Hong Kong (Photo: Business Wire)<\/p>\n<\/div>\n

\nHang 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.\n<\/p>\n

\nXPeng 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.\n<\/p>\n

\nThe Company\u2019s shares began trading on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) on July 7, 2021 under the stock code \u201c9868\u201d. XPeng\u2019s HKEX-listed shares will be fully fungible with the Company\u2019s American depositary shares on the New York Stock Exchange (NYSE).\n<\/p>\n

\nXPeng\u2019s listing on the HKEX marks an important milestone for the Company and the electric vehicle sector. Now XPeng is the world\u2019s 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.\n<\/p>\n

\n\u201cAs a front runner in China\u2019s Smart EV industry, we are delighted to be included in the Hang Seng Composite Index,\u201d said Dr. Brian Gu, XPeng Vice Chairman and President. \u201cInclusion in the Hang Seng Composite Index and the primary listing status in Hong Kong are the key requirements for the Stock Connect scheme.\u201d\n<\/p>\n

\nThis dual-primary listing not only broadens the Company\u2019s 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\u2019s customers. The Stock Connect scheme is the landmark mutual market access programme linking the Hong Kong and Mainland China equity markets.\n<\/p>\n

\n\u201cWe will focus on our strategic roadmap to achieve sustainable growth and maximize shareholder value in the long term,\u201d Dr. Gu added.\n<\/p>\n

About XPeng Inc.<\/span><\/b><\/p>\n

\nXPeng 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\u2019 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\u2019s 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<\/a>.\n<\/p>\n

\nFollow us on:\n<\/p>\n

XPeng Twitter<\/b><\/a><\/p>\n

XPeng LinkedIn<\/b><\/a><\/p>\n

XPeng Facebook<\/b><\/a><\/p>\n

Safe Harbor Statement<\/span><\/b><\/p>\n

\nThis announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. Statements that are not historical facts, including statements about XPeng\u2019s 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\u2019s goals and strategies; XPeng\u2019s expansion plans; XPeng\u2019s future business development, financial condition and results of operations; the trends in, and size of, China\u2019s EV market; XPeng\u2019s expectations regarding demand for, and market acceptance of, its products and services; XPeng\u2019s 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\u2019s 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210708005749\/en\/<\/a><\/span><\/p>\n

For Media Enquiries:
\n<\/b>
Marie Cheung
\n
XPeng Inc.
\n
Tel: +852 9750 5170 \/ +86 1550 7577 546
\n
Email: mariecheung@xiaopeng.com<\/a><\/p>\n

KEYWORDS:<\/b> China Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive General Automotive Technology Transport Other Technology Alternative Vehicles\/Fuels Other Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
XPeng P7 in Hong Kong (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

XPeng to Join Hang Seng Composite Index GUANGZHOU, China–(BUSINESS WIRE)– XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d) (NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, will be added to Hang Seng Composite Index after market close on 20 July 2021. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210708005749\/en\/ 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 … <\/p>\n

Continue reading “XPeng to Join Hang Seng Composite Index”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511042","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXPeng to Join Hang Seng Composite Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-to-join-hang-seng-composite-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XPeng to Join Hang Seng Composite Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"XPeng to Join Hang Seng Composite Index GUANGZHOU, China–(BUSINESS WIRE)– XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d) (NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, will be added to Hang Seng Composite Index after market close on 20 July 2021. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210708005749\/en\/ 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. 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