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EV Maker NIO Seeks Additional Listings

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EV Maker NIO Seeks Additional Listings

Chinese Tesla rival NIO plans to list shares in Hong Kong. The Shanghai-based company broke ground in 2014 among those vying for the Chinese EV market, but unlike other similar China-based competitors, they have not entered the exchange in Hong Kong. They are among other Chinese businesses looking into additional listings outside New York in the face of potentially being forced off the American exchange.

NIO delivered a record 25,034 vehicles in Q4 2021, up 44% from the same period in 2020. Investors favored NIO shares earlier in the pandemic, but the stocks are under pressure amid a broader pullback in EV-related stocks. NIO is also seeking to join Singapore's stock market.

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