An XPeng Motor P7 electric vehicle is displayed for sale at Wanda Plaza on May 9, 2021 in Beijing, China.
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Xpeng’s Hong Kong shares have been included in a trading link with mainland China, known as the Shenzhen-Hong Kong Stock Connect.
The move will give mainland China-based investors easier access to the electric car startup’s shares, potentially allowing the company to expand its investment base.
Hong Kong-listed shares of Xpeng jumped as much as 11.5% before rallying. It was about 9% higher in afternoon trading.
Brian Gu, president of Xpeng, said: “Inclusion will not only expand and further diversify our investor base, but will also provide opportunities for customers, partners and investors alike. Technology and electric vehicle investments in China join our exciting growth story,” Brian Gu, president of Xpeng, said in a statement.
The Shenzhen-Hong Kong Stock Connector was launched in 2016 as a way to make it easier for international investors to trade in shares listed in Mainland China and for investors in mainland China to buy and sell shares listed in Hong Kong.
