SHANGHAI, China, May 20, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and leader in the smart electric vehicle market, today announced that it has successfully launched its common stock of Class A (the “Shares”) is listed on the principal 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 share code “NIO” in 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 position in the global capital markets,” said William Bin Li, founder, chairman and chief executive officer of NIO. “In addition, by leveraging Singapore’s favorable position as an international innovation and technology hub, 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 improve our global R&D. opportunities.”
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. NIO’s mission, founded in November 2014, is to shape a joyful lifestyle. NIO wants to build a community that starts with smart electric vehicles to share joy and grow together with users. NIO jointly designs, develops, manufactures and markets first-class smart electric vehicles and drives innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO stands out for its continuous technological breakthroughs and innovations, such as its leading battery change technologies, Battery as a Service or BaaS, as well as its proprietary technologies for autonomous driving and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seat premium smart electric SUV in December 2017, and began shipping the ES8 and its variant, the six-seat ES8, in June 2018, in March 2019. NIO launched the ES6, a five-seater high performance premium smart electric SUV, in December 2018, and began delivery of the ES6 in June 2019. NIO launched the EC6, a five-seat premium smart electric coupe SUV, in December 2019, and began delivery of the EC6 in September 2020 NIO launched the ET7, a flagship premium smart electric sedan, in January 2021 and began delivery of the ET7 in March 2022. NIO launched the ET5, a mid-sized premium smart electric sedan, in December 2021.
Safe Harbor Statement
This press release contains statements that may be “forward-looking” statements in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expected.” ‘, ‘anticipates’, ‘directs’, ‘future’, ‘intends’, ‘intends’, ‘believes’, ‘estimates’, ‘probably’ and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission (the “SEC”), in announcements 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 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 future specific statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those 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 address customers on time and on a large scale; its ability to safeguard and expand production capacity, including establishing and maintaining partnerships with third parties; its ability to provide its customers with convenient and comprehensive power solutions; the viability, growth potential and prospects of the newly introduced BaaS and ADaaS; its ability to improve the technologies or develop alternative technologies to meet the changing market demand and the development of the industry; NIO’s ability to comply with mandatory safety standards related to motor vehicles; its ability to secure the 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 worldwide and in China and assumptions underlying or related to any of the foregoing. Further information about these and other risks is contained in NIO’s filings with the SEC, the announcements on the SEHK’s website and the introductory document issued with the SGX-ST. All information in this press release is as of the date of this press release, and NIO assumes no obligation to update any forward-looking statements, except as required under applicable law.
For more information, visit: http://ir.nio.com
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