1 Minute Read by Reuters Staff FILE PHOTO: An XPeng Inc. P7 performance electric vehicle is shown outside the New York Ticker Exchange (NYSE) in New York on August 27, 2020, ahead of the Chinese company’s IPO trading under the stock symbol “XPEV.” REUTERS/File Photo/Mike Segar (Reuters) – SHANGHAI (Reuters) – The American Depositary Receipts of Chinese electric vehicle producer Xpeng will be added to FTSE Russell’s global equity indexes on July 8, according to the index publisher. FTSE Russell announced on its website that Xpeng shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index, and the FTSE Emerging Index. The news comes after Xpeng, based near Guangzhou, announced on Wednesday that it will raise $1.8 billion through a Hong Kong dual primary listing to grow its product line and enhance its technologies. On Thursday, the firm announced that it delivered 17,398 automobiles in the second quarter, a five-fold increase over the previous year. Andrew Galbraith contributed reporting, and Sherry Jacob-Phillips edited the piece./n
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