NIO Inc. issued its introductory document for a secondary listing by way of introduction on the Singapore Exchange (SGX-ST). The listing is expected to take place on 20 May 2022, subject to the fulfilment of the conditions set out in the eligibility-to-list letter from the SGX-ST.
NIO Inc., with a market capitalisation of more than US$20 billion, 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. It is listed on the NYSE and HKEX.
WongPartnership is proud to be acting as NIO Inc.’s counsel in connection with the secondary listing. For more information about our Equity Capital Markets and China Practices, click here.
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To access NIO Inc.’s introductory document, click here.
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