The XPeng Motor P7 electric vehicle was shown for sale at Wanda Plaza on May 9, 2021 in Beijing, China.
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Xpeng’s shares in Hong Kong are included in a trade relationship with mainland China known as Shenzhen-Hong Kong Stock Connect.
The move will allow mainland China-based investors easier access to stocks of starter electric cars, potentially allowing the company to expand its investor base.
Shares of Xpeng, quoted in Hong Kong, rose 11.5 percent before falling. It was about 9% higher in the afternoon trading.
“Inclusion will not only expand and diversify our investment base, but will also enable our customers, partners and investors in electric vehicles and technology in China to participate in our exciting history of growth,” said Brian Gu, President of Xpeng. statement. .
Shenzhen-Hong Kong Stock Connect was launched in 2016 as a way to make it easier for international investors to trade in mainland China shares and for mainland China investors to buy and sell Hong Kong-registered shares.
