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.”
