Chinese language EV maker NIO effectively indexed at the primary board of the Singapore Change (SGX) on Friday, starting buying and selling below the ticker image “NIO.” This makes it the primary Chinese language corporate to be indexed in New York, Hong Kong and Singapore on the similar time.
On March 10 this yr, NIO finished its 2d checklist at the Hong Kong Inventory Change (HKEx). As in Hong Kong, NIO‘s Singapore checklist was once by the use of advent, and it didn’t contain new proportion issuance and fundraising. Its Magnificence A stocks indexed at the New Inventory Change will also be totally transformed from its American Depositary Receipts.
William Li, the founder, chairman and CEO of NIO, stated: “These days is a brand new milestone for NIO, and checklist in Singapore is of significant importance to our international industry building plan. With Singapore’s necessary strategic place within the international capital marketplace, NIO has additional progressed the structure on the planet.”
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On the similar time, NIO will profit from Singapore’s global financial and technological heart to hold out in-depth cooperation with native medical analysis establishments, and determine a man-made intelligence and self reliant using R&D heart within the nation.
The most recent information display that the supply quantity of NIO in April this yr totaled 5,074 gadgets. Since 2022, its cumulative supply quantity has been 30,842 gadgets, a year-on-year building up of 13.5%. As of April 30, 2022, a complete of 197,912 automobiles were delivered. On April 26, NIO