NIO

SHANGHAI, China, May 20, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

SGX Securities today welcomed the secondary listing of NIO Inc. to Mainboard under the stock code “NIO”.

Pol de Win, Senior Managing Director, Head of Global Sales & Origination, SGX Group, said, “We are excited to welcome NIO Inc. to Mainboard – the first electric vehicle company to be listed in Singapore. As a global financial and capital-raising hub, SGX Securities offers a trusted, international platform with a streamlined secondary listing framework that facilitates companies listed in developed markets to secure a complementary listing here. William Bin Li, Founder, Chairman and Chief Executive Officer of NIO Inc., said, “Today marks a new milestone for NIO. The listing on SGX’s securities market has further strengthened NIO’s footing in the global capital markets. NIO Inc., which is primary listed on the New York Stock Exchange, is a pioneer and a leading company in the premium smart electric vehicle market.

Shares of the Chinese electric-vehicle maker began trading Friday on their third global exchange.

Shares closed at $17.30. U.S.-listed shares of NIO closed Thursday on... Shares of Chinese electric-vehicle maker NIO closed higher Friday in their first trading day in Singapore, the third exchange on which investors can trade the stock.

Chinese electric car company Nio's biggest challenge right now is ensuring supply chain stability, CEO William Li said.

In early March, Nio also carried out a secondary listing in Hong Kong by way of introduction. The stock popped at the open, rising by nearly 20% before paring most gains to close around 2.4% higher. On the sales front, Li said he expects consumer demand for electric cars to persist — even if the Chinese government reduces subsidies or other policy support for the sector. Li, who is also Nio's founder and chairman, was speaking in an interview with CNBC's Emily Tan ahead of the company's secondary listing in Singapore. - Li, who is also Nio's founder and chairman, was speaking in an interview with CNBC's Emily Tan around the company's secondary stock listing in Singapore on Friday. - On the sales front, Li said he expects consumer demand for electric cars will persist — even if the Chinese government reduces subsidies or other policy support for the sector.

Electric vehicle maker NIO is using NVIDIA HGX to build a comprehensive data center infrastructure for developing AI-powered, software-defined vehicles.

With the HGX A100, NIO is able to flexibly develop and deploy scalable AI systems. This data is then used to optimize the deep neural networks (DNNs) that will run in the vehicles. In addition to high-performance data center development, both models are built on the Adam supercomputer, powered by four NVIDIA DRIVE Orin systems-on-a-chip.