Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

NIO Debuts on Singapore Exchange

0
The NIO Inc. ES6 electric sport utility vehicle (SUV) stands on display at the Auto Shanghai 2019 show in Shanghai, China, on Tuesday, April 16, 2019.

Chinese electric-car maker NIO Inc. officially launched on the main board of the Singapore Exchange on Friday, marking its third listing after New York and Hong Kong.

Source: NIO

NIO is up 0.96%, while VWO is up 0.62%.

NIO shares are currently traded under the stock code NIO in 10 share increments. Its American depositary shares continue to remain listed and traded on the New York Stock Exchange.

NIO Founder, Chairman, and Chief Executive William Bin Li said the listing strengthens the firm’s footing in global capital markets and leverages Singapore’s “advantageous” position as an international innovation center.

The Chairman said the firm is looking to establish a research and development center in Singapore focused on artificial intelligence and autonomous driving. It will also collaborate with local institutions for research and development.

NIO started the deliveries of the flagship premium smart electric sedan ET7 in March.

fxcoach

Do Kwon Amends Terra Revival Proposal Amid On-Chain Vote 

Previous article

Ethereum Merge Likely in August, Officials Say

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News