(CNBC) Shares of Chinese electric vehicle maker Xpeng rose up to 11.5% on Wednesday as investors grew optimistic over inclusion in the Shenzhen-Hong Kong Connect.
The inclusion into Shenzhen-Hong Kong Stock Connect, a trading link to mainland China, is expected to expand Xpeng investor base by availing its shares.
Xpeng president Brian Gu says the inclusion is an opportunity for its partners, customers, EV, and technology investors to participate in the company’s growth story.
Launched in 2016, the Shenzhen-Hong Kong Stock Connect enables investors to trade mainland-listed Chinese stocks. It also enables mainland investors to trade Hong Kong-listed stocks.
The inclusion happens when Xpeng is trying to expand its investor base while tapping the blossoming EV industry in China.
XPEV: NYSE is currently up +5.73% on premarket.
