A XPeng Motor P7 electrical automobile is displayed on the market at Wanda Plaza on Might 9, 2021 in Beijing, China.
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Xpeng’s Hong Kong stocks had been integrated in a buying and selling hyperlink to mainland China, referred to as the Shenzhen-Hong Kong Inventory Attach.
The transfer will permit buyers based totally in mainland China more straightforward get right of entry to to the electrical automotive start-up’s stocks, probably permitting the corporate to enlarge its investor base.
Xpeng’s Hong Kong-listed stocks rose up to 11.5% sooner than paring features. It was once about 9% upper in afternoon industry.
“The inclusion is not going to best additional enlarge and diversify our investor base but additionally give you the alternative for our shoppers, companions and EV and era buyers in China to take part in our thrilling enlargement tale,” Brian Gu, president of Xpeng, stated in a commentary.
The Shenzhen-Hong Kong Inventory Attach was once introduced in 2016 with the intention to make it more straightforward for world buyers to industry Chinese language mainland-listed shares and buyers in China’s mainland to shop for and promote Hong Kong-listed stocks.
