NIO Inc. Announces Proposed Secondary Listing on the Singapore Exchange
May 05 2022 - 8:00PM
NIO Inc. (NYSE: NIO; HKEX: 9866) (“NIO” or the “Company”), a
pioneer and a leading company in the premium smart electric vehicle
market, today announced the proposed secondary listing of its Class
A ordinary shares, par value US$0.00025 per share (the “Shares”),
by way of introduction on the Main Board of the Singapore Exchange
Securities Trading Limited (the “SGX-ST”). The Company’s American
depositary shares (the “ADSs”), each representing one Share, will
continue to be primarily listed and traded on the New York Stock
Exchange (the “NYSE”).
The Company has received a conditional
eligibility-to-list letter (“ETL”) from the SGX-ST on May 5, 2022
for the listing and quotation of the Shares on the Main Board of
the SGX-ST. The ETL is not an indication of the merits of the
proposed secondary listing of the Company’s Shares on the SGX-ST,
the Company, its subsidiaries, the ADSs and/or the Company’s
Shares. An introductory document relating to the proposed secondary
listing by way of introduction of the Shares on the Main Board of
the SGX-ST is targeted to be issued later this month prior to the
listing on the Main Board of the SGX-ST. Upon listing on the Main
Board of the SGX-ST, the Shares listed on the Main Board of the
SGX-ST will be fully fungible with the ADSs listed on the NYSE.
This press release shall not constitute an offer
to sell or the solicitation of an offer or an invitation to buy any
securities of the Company, nor shall there be any offer or sale of
the securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction.
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, and
began deliveries of the ET7 in March 2022. NIO launched the ET5, a
mid-size premium smart electric sedan, in December 2021.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. NIO may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about NIO’s beliefs, plans and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: NIO’s strategies; NIO’s future business
development, financial condition and results of operations; NIO’s
ability to develop and manufacture a car of sufficient quality and
appeal to customers on schedule and on a large scale; its ability
to ensure and expand manufacturing capacities including
establishing and maintaining partnerships with third parties; its
ability to provide convenient and comprehensive power solutions to
its customers; the viability, growth potential and prospects of the
newly introduced BaaS and ADaaS; its ability to improve the
technologies or develop alternative technologies in meeting
evolving market demand and industry development; NIO’s ability to
satisfy the mandated safety standards relating to motor vehicles;
its ability to secure supply of raw materials or other components
used in its vehicles; its ability to secure sufficient reservations
and sales of the ES8, ES6, EC6, ET7 and ET5; its ability to control
costs associated with its operations; its ability to build the NIO
brand; general economic and business conditions globally and in
China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in NIO’s filings with the SEC, the listing document issued
with the SEHK and the introductory document issued with the SGX-ST.
All information provided in this press release is as of the date of
this press release, and NIO does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For more information, please visit: http://ir.nio.com
Investor Relations Contact
ir@nio.com
Press Contact
global.press@nio.com
NIO (NYSE:NIO)
Historical Stock Chart
From Aug 2024 to Sep 2024
NIO (NYSE:NIO)
Historical Stock Chart
From Sep 2023 to Sep 2024