Nio

Nio's Singapore listing will make it the first EV maker in the world to list in three venues.

Hefei Economic Development Zone and Nio signed a cooperation agreement on NeoPark Phase II and key components projects.

For the first phase of the NeoPark infrastructure project, with a total investment of RMB 4.07 billion, Hefei received RMB 2.45 billion in funding through a government bond issue.

At press time, Nio was down 12.41 percent, Xpeng was down 9.4 percent, Li Auto was down 3.61 percent and BYD was down 3.02 percent.

Nio will be listed in Singapore by way of introduction and has received a conditional listing eligibility letter from the local exchange.

Nio said it will continue to comply with Chinese and US laws and regulations, and strive to maintain its listing status on both the NYSE and the HKEX.

The Nio ES7 is scheduled to be unveiled at the end of this month and deliveries will begin within the year.

Hong Kong's market performance followed the overnight advance in US stocks, as the Federal Reserve released dovish signals.

To date, a total of 23 companies have been added to the conclusive list, and another 105 are on the list of companies facing possible delisting.

At press time, Nio was down 3.4 percent, Xpeng was down 3.45 percent and Li Auto was down 4.96 percent.