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Chinese Electric Car Nio Completes Dual Listing on Hong Kong Exchange with $25 Billion Market Value
11th March 2022 | Hong Kong
Chinese electric car companyNio has completed its dual listing on Hong Kong Exchange (HKEX) with market value of around $25.8 billion (HKEX: HKD 202 billion, NYSE: $25.5 billion) without raising new capital.Nio joins a growing list of United States listed Chinese companies including Xpeng and Li Auto to list on Hong Kong Exchange.Nio is founded in 2014 and is a leading company in the premium smart electric vehicle market.
“ Chinese Electric Car Nio Completes Dual Listing on Hong Kong Exchange with $25 Billion Market Value, Hedge Against Delisting Risk from NYSE “
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NIO Inc. Successfully Listed on the Main Board of the Stock Exchange of Hong Kong
Nio Inc Chinese Electric Car
NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has successfully listed, by way of introduction, its Class A ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Shares are traded on the Main Board of SEHK under the stock code “9866” in board lots of 10 Shares, and the stock short name is “NIO-SW”. The Company’s American depositary shares (the “ADSs”), each representing one Share, remain primarily listed and traded on the New York Stock Exchange (the “NYSE”). The Shares listed on the Main Board of the SEHK are fully fungible with the ADSs listed on the NYSE.
William Bin Li, founder, chairman and chief executive officer of NIO:
NIO HKEX Listing William & Li Hong
“Thanks to the trust of our users, the commitment of our colleagues, and the support of our investors and partners, NIO has successfully listed on the SEHK.While the automotive industry is going through rapid transformation, we will continue to make innovations in technologies, bring superior products and experiences to our users, and create long-term value for our investors.”
Nio February 2022 Update
NIO delivered 6,131 vehicles in February 2022, representing an increase of 9.9% year-over-year. The deliveries consisted of 1,084 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 3,309 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 1,738 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of February 28, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 182,853 vehicles.
During the production suspension of the NIO-JAC manufacturing plant in the Spring Festival holiday from January 31 to February 6, 2022, the Company adjusted the production lines to prepare for the delivery of ET7 in March 2022.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV, in December 2017, and began deliveries of the ES8 in June 2018, and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater high-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO launched the ET7, a flagship premium smart electric sedan, in January 2021. NIO launched the ET5, a mid-size premium smart electric sedan, in December 2021.
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