NIO's Hong Kong Listing Plan Delayed Couple of Months: Report

7月17日

BEIJING, July 16 (TMTPOST)—Tesla’s Chinese competitor NIO has applied for secondary listing with the Hong Kong Stock Exchange in March, earlier than Xpeng who has recently launched its primary listing in Hong Kong earlier this month, Tencent News reported on Friday.

The media quoted sources that NIO didn’t get the exchange’s nod due to its own problems, such as NIO User Trust’s shareholding. 

NIO declined to comment on the report. Coincidently, the same media revealed that day another Chinese electric vehicle (EV) maker Li Auto sought for Hong Kong listing and if the proceeding wasn’t delayed, it could launch the listing in the end of August.

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