XPeng will begin putting a new generation of superchargers into service in the second half of the year, allowing vehicles to charge from 10 percent to 80 percent in as little as 12 minutes.
The two indices, which will be officially launched on July 6, are expected to provide exposure to Chinese investors bullish on the smart electric vehicle sector.
CITIC Securities was one of a handful of China-based brokerages last year that believed BYD’s market capitalization would reach 1 trillion yuan by 2022.