NIO Inc. Announces Proposed Secondary Listing on the Stock Exchange of Hong Kong
February 27 2022 - 6:44PM
NIO Inc. (NYSE: NIO) (“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 Stock Exchange of Hong Kong
Limited (the “SEHK”). 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 letter of in-principle approval to
the listing application from the SEHK on February 28,
2022 (Beijing/Hong Kong Time) for the listing of the Shares on
the Main Board of the SEHK. The listing document relating to the
proposed secondary listing of the Shares by way of introduction on
the Main Board of the SEHK has been published on the website of the
SEHK on February 28, 2022 (Beijing/Hong Kong Time). Subject to
final listing approval from the SEHK, the Shares are expected to
commence trading on the Main Board of the SEHK on March 10, 2022
(Beijing/Hong Kong Time) under the stock code “9866”. The Shares
will be traded in board lots of 10 Shares. Upon listing on the Main
Board of the SEHK, the Shares listed on the Main Board of the SEHK
will be fully fungible with the ADSs listed on the NYSE.
With respect to the proposed secondary listing on the Main Board
of the SEHK, Morgan Stanley Asia Limited, Credit Suisse (Hong Kong)
Limited and China International Capital Corporation Hong Kong
Securities Limited are acting as the joint sponsors. In addition,
the Company has appointed Morgan Stanley Hong Kong Securities
Limited as the designated securities dealer and China International
Capital Corporation Hong Kong Securities Limited as alternate
designated securities dealer to carry out bridging and other
trading arrangements in good faith and on arm’s length terms with a
view to facilitating liquidity to meet demand for our Shares in
Hong Kong and to maintain an orderly market for a period of 30
calendar days, commencing from 9:00 a.m. on March 10, 2022
(Beijing/Hong Kong Time).
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.
We have arranged with our principal share registrar in the
Cayman Islands and the Hong Kong Share Registrar for the removal of
a portion of our Class A ordinary shares (which includes Shares
underlying our ADSs) from our Cayman share register and transfer to
our Hong Kong share register at no additional cost to Shareholders
prior to Listing. Please refer to the section headed “Market
Arrangements to Facilitate Dealings in Hong Kong” of the listing
document for further details.
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.
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 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 navigate the evolving and complex regulatory
environment, including the various laws, regulations and regulatory
requirements regarding cybersecurity, privacy, data protection and
information security; 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 and
the listing document published on the website of the SEHK. 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
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