XPeng Inc. 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.
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.
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“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.
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