A leading China-based EV maker, Nio, already listed on the New York Stock Exchange since 2018, is exploring a listing on the Singapore Exchange as well, according to the International Financing Review.
Nio, dubbed "China's Tesla", had filed its preliminary prospectus for a Hong Kong listing last year, but the listing was reportedly delayed. If Nio had gone ahead with a Hong Kong listing, it would be a similar arrangement as two other China-based EV makers: Xpeng and Li Auto. Both of whom listed in the US first, before launching a dual-primary listing in Hong Kong.
IFR, citing one of the people familiar with the matter said NIO has not completely given up on its listing plans for Hong Kong and would continue discussions with regulators there.China’s market regulators are reportedly putting in place tighter rules over these so-called VIE companies – the structure used by Chinese companies for some two decades to list outside China, especially the US.
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