Nio

"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.

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.

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

At press time, Nio was down 5 percent in Hong Kong, ending a four-day winning streak. Xpeng was down 5.24 percent and Li Auto was down 2.39 percent.

Nio has risen for a fourth straight day in Hong Kong, bringing its cumulative gain since May 13 to about 30 percent.

Many readers are already familiar with Nio's business progress, but how is the company managing internally? This article offers a rare glimpse.

At the end of the fourth quarter last year, it held 350,000 shares of Nio worth $11,088,000 and 666,500 shares of Xpeng worth $33,545,000.

This is the third consecutive day of gains for Nio in Hong Kong, with cumulative advances of about 17 percent since last Friday.

BofA raised its price target on Nio from $25 to $26, believing negative factors seen are priced in.