** Hong Kong-listed shares of electric vehicle $(EV)$ maker Xpeng Inc climb 4.6% to HK$29.55, the biggest intraday pct rise since April 10
** Stock hits the highest since April 15 and on track for the second session of gains
** Xpeng stock is third-biggest pct gainer in Hang Seng Tech Index
** U.S.-listed shares of Xpeng gained 3.8% on Wednesday
** Volkswagen AG said it has developed a new architecture for intelligent and electric cars with its Chinese partner Xpeng, which the German automaker said will help it offer more affordable EVs in its biggest market
** Volkswagen plans to use the China Electrical Architecture $(CEA)$ in locally developed VW-branded EVs from 2026
** Chinese rivals also rise with SAIC Motor , Geely Auto and Hong Kong shares of Li Auto BYD , and NIO up between 0.8% and 3.8%
** Hang Seng Tech Index gains 0.9%, Hang Seng China Enterprises Index rises 1.3% and Hang Seng Index
adds 1.2%
** Hong Kong stock down 48.3% YTD, Xpeng's U.S. stock down 49.1% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Comments