XPeng Inc. today announced that the Company’s Ordinary Shares, which trade on The Stock Exchange of Hong Kong Limited (“HKEX”), are included in the Shenzhen-Hong Kong Stock Connect programs, effective on February 09, 2022, according to the announcement issued by the Shenzhen Stock Exchange.
XPeng’s inclusion in the Stock Connect programs marks another important milestone for the Company. It is the first smart EV companies listed in Hong Kong to be included in the Stock Connect program. It was also the first smart EV company to achieve a dual-primary listing status on both the New York Stock Exchange and the Hong Kong Stock Exchange.
The inclusion will not only further expand and diversify our investor base but also provide the opportunity for our customers, partners and EV and technology investors in China to participate in our exciting growth story
Brian Gu, president of Xpeng
The inclusion of the Ev maker on the Shenzhen-Hong Kong Stock Connect makes it easier for international investors to trade Chinese mainland-listed stocks and investors in China’s mainland to buy and sell Hong Kong-listed shares growing the potential of investment from other investors. Xpeng shares are currently trading +5.86% higher at $39.30 per share.
Yesterday, He Xiaopeng — Xpeng’s CEO — has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 348,708,257 shares of XPeng Inc. American depositary shares, each representing two Class A ordinary shares (US:XPEV). This represents 21.1 percent ownership of the company. In their previous filing dated 2021-02-10 , He Xiaopeng had reported owning 391,752,537 shares, indicating a decrease of -10.99 percent, as initially reported by Marcel Munch on his Twitter account.
On February 3rd, ARK Invest Fund, led by Cathie Wood, added more Xpeng shares. ARK bought another 57,657 shares worthing around $2M, based on closing price of $34.52. Earlier that week, the Fund added 55,178 shares (around $2M, also) and on the next day another 14,000 making this one the third buy of this week. Xpeng is currently down 31% Year-to-date.