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Chinese language Tesla Rival NIO Plans Secondary Itemizing in Hong Kong

Chinese language Tesla Rival NIO Plans Secondary Itemizing in Hong Kong

Electrical-vehicle maker NIO Inc. plans to checklist shares in Hong Kong, becoming a member of different Chinese language companies pursuing a further itemizing exterior New York as corporations from China face the specter of being pressured off American exchanges.

Based in 2014, NIO is amongst these vying for the Chinese language EV market alongside Tesla Inc. and China-based rivals reminiscent of XPeng Inc. and Li Auto Inc., each of which have listed shares in Hong Kong.

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