NIO SGX

CHINESE electric vehicle maker Nio opened at US$16.90 apiece on its first day of trading on the Singapore Exchange (SGX) mainboard on Friday (May 20).

By P.R. Venkat Chinese electric-car maker NIO Inc.'s shares surged in their debut on the Singapore Exchange on Friday, a listing that comes amid a volatile.

NIO and other Chinese companies have been identified by the U.S. Securities and Exchange Commission as not being able to meet a regulatory requirement relating to auditors. Shares of NIO are down 47% year-to-date on the NYSE. On the SGX, NIO shares were last quoted at US$20.10 a share. NIO had announced plans for a secondary listing on the Singapore Exchange in early May, a move to expand its investor base in one of Asia's financial centers. Like many other shares in the U.S., shares of NIO have been severely hit in recent trading sessions. Class-A shares in Singapore rose as much as 22% to US$20.29 compared with the closing price of US$16.66 for American Depository Shares quoted on the New York Stock Exchange on Thursday. Chinese electric-car maker NIO Inc.'s shares surged in their debut on the Singapore Exchange on Friday, a listing that comes amid a volatile period for global equities.

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 ...

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's Singapore listing was by way of introduction, and it did not involve new share issuance and fundraising. Its Class A shares listed on the New Stock Exchange ...

William Li, the founder, chairman and CEO of NIO, said: “Today is a new milestone for NIO, and listing in Singapore is of great significance to our global business development plan. Its Class A shares listed on the New Stock Exchange can be completely converted from its American Depositary Receipts. Since 2022, its cumulative delivery volume has been 30,842 units, a year-on-year increase of 13.5%. As of April 30, 2022, a total of 197,912 vehicles had been delivered.

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.

(Yicai Global) May 20 -- Nio made history on its debut on the Singapore stock exchange today by becoming the world's first auto manufacturer to complete the ...

The firm already runs R&D centers in Beijing, Shanghai, San Jose and several European cities. “The listing on the SGX is of great importance to Nio's global business development. Nio also plans to set up an artificial intelligence and autonomous driving research and development center in Singapore to leverage the Southeast Asian country’s strengths as a global financial and technology center.

Shares of the Chinese electric vehicle (EV) manufacturer Nio Inc. started trading on the Singaporean exchange (SGX) on Friday, May 20.

The shares rose over 5% in the session, trading as high as $20.29, on SGX, while the NYSE shares closed at $16.66 on Thursday, May 19. Allegedly, the shares investors own in New York, Hong Kong, and now Singapore, where Nio is listed, are all the same. When investing, your capital is at risk. Investing is speculative. On Wall Street, analysts rate the shares as a strong buy, predicting that in the next 12 months, the average price could be $40.61, which is 143.76%, above the current trading price of $16.66. Shares of the Chinese electric vehicle (EV) manufacturer Nio Inc. (NYSE: NIO) started trading on the Singaporean exchange (SGX) on Friday, May 20.

Chinese EV manufacturer NIO (NIO) shares up 4% premarket after successfully listing its Class A ordinary shares on the Main Board of the Singapore Exchange ...

- The shares listed on Singapore exchange are fully fungible with the ADSs listed on the NYSE. - The Shares are traded on the Main Board of the SGX-ST under the stock code “NIO” in board lot sizes of 10 Shares. - This marks the first auto company listed on three Exchanges and the first Chinese company listed in New York, Hong Kong and Singapore.

(NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), 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 ...

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, and began deliveries of the ET7 in March 2022. 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 ET5, a mid-size premium smart electric sedan, in December 2021. 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 Inc. is a pioneer and a leading company in the premium smart electric vehicle market.