August 11, 2022
On Thursday, Chinese language electrical automobile maker NIO effectively indexed at the Hong Kong Inventory

On Thursday, Chinese language electrical automobile maker NIO effectively indexed at the Hong Kong Inventory Alternate. The corporate’s ticker image is “9866” and the inventory closed at HK$158.90 as of late, after buying and selling as top as HK$169.5. NIO’s transfer arrives after two different U.S.-traded Chinese language EV producers — XPeng and Li Auto — started buying and selling at the Hong Kong alternate closing yr.

“Due to the accept as true with of our customers, the dedication of our colleagues, and the improve of our buyers and companions, NIO has effectively indexed at the SEHK,” stated William Li, founder, Chairman and Leader Govt Officer of NIO. “Whilst the car business goes via fast transformation, we can proceed to make inventions in applied sciences, deliver awesome merchandise and reviews to our customers, and create long-term price for our buyers.”

NIO, which indexed at the New York Inventory Alternate in 2018, debuted its stocks in Hong Kong by means of creation with the purpose of offering selection buying and selling puts for company buyers to increase investor teams, whilst preserving the pursuits of current shareholders unaffected.

Prior to now, when XPeng Motors and Li Auto returned to Hong Kong for his or her IPOs, they raised HK $14 billion and HK $11.55 billion respectively. NIO, who landed at the HKEx by means of creation, wishes to attend six months to lift price range.

In reaction, NIO stated, “On the finish of the 0.33 quarter of 2021, the corporate had a money reserve of about 47 billion yuan ($7.43 billion), and finished financing price $2 billion within the fourth quarter of the similar yr. The corporate lately has enough money reserves and there is not any pressing financing want within the brief time period.”

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In 2022, NIO’s services will formally land in different Ecu nations, together with Germany, the Netherlands, Sweden and Denmark. NIO plans to offer products and services to customers in additional than 25 nations and areas world wide through 2025 and, as of Thursday, NIO has 384 shops international.

As of February 28, 2022, NIO has delivered 182,853 new vehicles (together with ES8, ES6 and EC6). Consistent with third-party information, NIO ranked 2nd within the international gross sales score of top of the range electrical automobiles (the ones that are priced over $50,000 MSRP) in 2021.

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In 2022, NIO will ship 3 new fashions in response to its NT2.0 era platform. The check power of the ET7 formally started on March 5 and the style will start deliveries on March 28. The medium-sized ET5 is anticipated to be delivered in September 2022. Some other medium- and large-sized SUV ES7 might be launched and delivered later this yr.

In relation to factories, the full improve of NIO manufacturing line in Anhui Province might be finished within the first part of 2022. As well as, on November 24, 2021, the primary batch of kit of NIO’s 2nd manufacturing base used to be put in. The primary automotive produced in the second one plant might be rolled off the manufacturing line in the second one quarter this yr, and might be formally industrially produced through the 0.33 quarter.