Phate Zhang

Nio rose 9.55 percent by the close of the Hong Kong stock market today, giving it a 34 percent gain since May 13.

BYD has equipped the Seal with powerful features and offers attractive price tags, making it one of the strongest competitors so far to Tesla's Model 3 in China.

"Nio has further strengthened its footing in the global capital markets with Singapore's strategic significance," said William Li, founder, chairman and chief executive officer of Nio.

Tesla is trying to start a second shift at the plant as early as next week so that car production can resume running around the clock once supplies of parts become smoother, according to Bloomberg.

As Nio's existing model matrix continues to improve and the sub-brand allows further sales growth, Nio's annual sales are expected to reach 1-million-unit level by 2025, the team said.

Nio's listing in three venues creates new possibilities for Chinese automakers to further globalize and turn China into an automotive powerhouse, said the Economic Daily.

China's central bank today cut its benchmark LPR rate for 5-year and above by 15 basis points to 4.45 percent.

The AR-HUD system offers a 13°*5° field of view, the world's largest, to create a flat-screen AV experience while parked 7.5 meters in front of the driver.

The certification will be required for all power battery systems exported to ECE member states from September 1, 2023.

Nio will live-stream its Singapore listing on its website, app and YouTube starting at 8:39 am Beijing Time on Friday.