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GUANGZHOU, China — XPeng Inc. (“XPeng” or the “Firm”) (NYSE: XPEV, HKEX: 9868.HK), a number one Chinese language good electrical automobile (“Sensible EV”) firm, shall be added to Dangle Seng Composite Index after market shut on 20 July 2021.
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Dangle Seng Indexes Firm Restricted introduced on 8 July 2021 that XPeng Inc. meets the Quick Entry Rule of assorted indexes, and shall be added to the Dangle Seng Composite Index after market shut on 20 July 2021. All modifications will come into impact on 21 July 2021.
XPeng will even be added to the Dangle Seng Composite Trade Index – Shopper Discretionary, in addition to the Dangle Seng Composite LargeCap Index, the Dangle Seng Composite LargeCap & MidCap Index, and the Dangle Seng Shopper Items & Providers Index.
The Firm’s shares started buying and selling on the Major Board of The Inventory Trade of Hong Kong Restricted (HKEX) on July 7, 2021 below the inventory code “9868”. XPeng’s HKEX-listed shares shall be totally fungible with the Firm’s American depositary shares on the New York Inventory Trade (NYSE).
XPeng’s itemizing on the HKEX marks an vital milestone for the Firm and the electrical automobile sector. Now XPeng is the world’s first Sensible EV firm listed on each the NYSE and HKEX, two of the main inventory exchanges on this planet, constituting the primary dual-primary itemizing of a Chinese language firm on the HKEX since July 2018.
“As a entrance runner in China’s Sensible EV business, we’re delighted to be included within the Dangle Seng Composite Index,” stated Dr. Brian Gu, XPeng Vice Chairman and President. “Inclusion within the Dangle Seng Composite Index and the first itemizing standing in Hong Kong are the important thing necessities for the Inventory Join scheme.”
This dual-primary itemizing not solely broadens the Firm’s entry to capital, diversifying its investor base, but in addition fulfills its long-term strategic goal to be listed in its dwelling area, with direct entry to China-based traders, who’re more likely to be XPeng’s prospects. The Inventory Join scheme is the landmark mutual market entry programme linking the Hong Kong and Mainland China fairness markets.
“We are going to give attention to our strategic roadmap to attain sustainable development and maximize shareholder worth in the long run,” Dr. Gu added.
About XPeng Inc.
XPeng is a number one Chinese language good electrical automobile firm that designs, develops, manufactures, and markets Sensible EVs that attraction to the big and rising base of technology-savvy middle-class customers in China. Its mission is to drive Sensible EV transformation with expertise and knowledge, shaping the mobility expertise of the longer term. With the intention to optimize its prospects’ mobility expertise, XPeng develops in-house its full-stack autonomous driving expertise and in-car clever working system, in addition to core automobile methods together with powertrain and the electrification/digital structure. XPeng is headquartered in Guangzhou, China, with workplaces in Beijing, Shanghai, Silicon Valley and San Diego. The Firm’s Sensible EVs are manufactured at crops in Zhaoqing and Zhengzhou, positioned in Guangdong and Henan provinces, respectively. For extra data, please go to https://en.xiaopeng.com.
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Secure Harbor Assertion
This announcement incorporates forward-looking statements. These statements are made below the “secure harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology resembling “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. Statements that aren’t historic information, together with statements about XPeng’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Plenty of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: XPeng’s objectives and methods; XPeng’s growth plans; XPeng’s future enterprise growth, monetary situation and outcomes of operations; the tendencies in, and measurement of, China’s EV market; XPeng’s expectations relating to demand for, and market acceptance of, its services and products; XPeng’s expectations relating to its relationships with prospects, contract producers, suppliers, third-party service suppliers, strategic companions and different stakeholders; common financial and enterprise circumstances; and assumptions underlying or associated to any of the foregoing. Additional data relating to these and different dangers is included in XPeng’s filings with the SEC. All data supplied on this press launch is as of the date of this press launch, and XPeng doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.
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Contacts
For Media Enquiries:
Marie Cheung
XPeng Inc.
Tel: +852 9750 5170 / +86 1550 7577 546
E mail: mariecheung@xiaopeng.com