NIO Inc. Successfully Listed on the Main Board of the Singapore Exchange
May 20 2022 - 12:00AM
NIO Inc. (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 the Main Board of the Singapore Exchange Securities
Trading Limited (the “SGX-ST”). The Shares are traded on the Main
Board of the SGX-ST under the stock code “NIO” in board lot sizes
of 10 Shares. The Company’s American depositary shares (the
“ADSs”), each representing one Share, remain primarily listed and
traded on the New York Stock Exchange (the “NYSE”). The Shares
listed on the Main Board of the SGX-ST are fully fungible with the
ADSs listed on the NYSE.
“Today marks a new milestone for NIO. The
listing on the SGX-ST has further strengthened NIO’s footing in the
global capital markets,” said William Bin Li, founder, chairman and
chief executive officer of NIO. “Furthermore, by leveraging
Singapore’s advantageous position as an international innovation
and technology center, NIO plans to establish a research and
development center for artificial intelligence and autonomous
driving in Singapore and to collaborate with local science and
research institutions to further broaden and enhance our global
R&D capabilities.”
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 announcements
made on the websites of each of the SEHK and the SGX-ST, 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 announcements on the
website of 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
ir@nio.com
Media Relations
global.press@nio.com
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