NIO Inc. (NYSE: NIO) revealed that its Class A ordinary shares were officially listed on the Main Board of the Singapore Exchange Securities Trading Limited (the SGX-ST). The shares are traded in 10-share board lots on the SGX-Main ST’s Board under the stock code “NIO.” The NYSE continues to be the primary listing and trading venue for the Company’s ADSs, which each represent one Share. The ADSs traded on the NYSE are fully fungible with the shares listed on the SGX-Main ST’s Board.
NIO Inc. has earned a reputation as an industry leader and pioneer in the premium smart electric vehicle segment. NIO was established in November 2014 with the goal of shaping a happy lifestyle. NIO wants to create a community around smart electric vehicles so that users can share delight and progress.
NIO creates luxury smart electric vehicles by designing, developing, co-manufacturing, and selling them. It is a leader in next-generation technologies such as autonomous driving, digital technology, electric powertrains, and batteries.
NIO has achieved a new milestone with its official listing on the SGX-ST. The SGX-ST listing has boosted NIO’s position in the global capital markets. NIO also plans to establish a research and development center for artificial intelligence and autonomous driving in Singapore, harnessing Singapore’s favorable position as an international innovation and technology center, as well as cooperating with local science and research institutions to widen and improve its global R&D capabilities.