Phate Zhang

Nio has applied to the Singapore Exchange for a secondary listing by way of introduction, and the exchange is reviewing the application.

Unlike the dual primary listings of Xpeng and Li Auto, Nio will have a secondary listing in Hong Kong and will not issue any new shares.

The team does not see compelling reason to own the stock as it will not have new products until the third quarter and the new EREV will target a relatively small segment.

The addition of the manufacturing site will further enhance the company's ability to meet growing demand, Li Auto said.

The model is a full-size luxury SUV with next-generation extended-range technology, a new intelligent cabin and intelligent driving technology.

Wang will continue to serve as a senior advisor to the company until December 31, 2022, to ensure a smooth transition, Li Auto said.

Li Auto's guidance for first quarter deliveries is 30,000-32,000 vehicles, the same as its previous guidance for the fourth quarter of last year.

The M5 is available in three versions with a starting price of RMB 249,800 ($39,560).

The company, called Energy Singularity, aims to explore commercially viable fusion energy technologies and eventually achieve human energy freedom.

Not to mention a match with Tesla, Audi has not even caught up with the "taillights" of the new car-making forces, including Nio and Li Auto, the article said.