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Chinese electric vehicle maker Xpeng (NYSE:XPEV) is up 5.24% in pre-market trading on Monday. The leading smart EV company announced on February 18th that they would be included in The Hang Seng TECH Index, a list representing the 30 largest technology companies listed in Hong Kong. The company said that they will be joining the Index as a Constituent Stock, effective March 7th.
The inclusion of XPeng is a strong endorsement of the company’s underlying strength as a technology leader. The Hang Seng Family of Indexes are widely regarded as the most important gauge of the Hong Kong stock market.
“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.
Earlier in February, the company’s Ordinary Shares traded on The Stock Exchange of Hong Kong Limited 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.
