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home / news releases / XPEV - Why XPeng Shares Popped Today

XPEV - Why XPeng Shares Popped Today

XPeng Inc. American depositary shares each representing two Class A

The stock of Chinese electric car maker XPeng (NYSE: XPEV) got a boost Wednesday morning when the company announced a change in the availability if its shares to Chinese investors. XPeng's American depositary shares popped over 11% in early trading, and still held a gain of 6.2% as of 10:28 a.m. ET.

Effective today, XPeng's ordinary shares trading on the Hong Kong exchange have been included in a trading link called the Shenzhen-Hong Kong Stock Connect program. The inclusion allows qualified investors in mainland China an easier way to own XPeng stock. This opens up the investor base for the company within certain requirements of the program including daily trading quotas.

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Why XPeng Shares Popped Today
Stock Information
Company Name: XPeng Inc. American depositary shares each representing two Class A
Stock Symbol: XPEV
Market: NYSE
Website: xiaopeng.com
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