CnEVPost Newsletter: NIO applies for HK secondary listing, trading expected to start on March 10
NIO applies for HK secondary listing, trading expected to start on March 10 - CnEVPost — cnevpost.com 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.
NIO confirms it has also applied for secondary listing in Singapore - CnEVPost NIO has applied to the Singapore Exchange for a secondary listing by way of introduction, and the exchange is reviewing the application.
NIO explains why it plans to list in Hong Kong without raising capital - CnEVPost NIO said it currently has sufficient cash reserves and no immediate need to raise capital in the short term, and the move that could help bring in more investors.
Deutsche Bank on NIO's HK listing plan: Delisting overhang should largely be gone - CnEVPost The focus will shift to the expected production ramp-up of three new models starting in late March this year.
Secondary vs dual primary: How is NIO's planned HK listing different from XPeng and Li Auto? - CnEVPost A secondary listing is simpler than a dual primary listing, but at the moment it doesn't allow a company to be included in the mainland-Hong Kong stock connect.
NIO explains why extra time needed for Q4 earnings release - CnEVPost NIO has more than 100 subsidiaries located in multiple regions, resulting in the need for additional time to prepare for capital liquidity disclosures, the company said.
NIO-backed self-driving truck startup Inceptio closes $188 million Series B+ funding round - CnEVPost Inceptio will invest more in its in-house developed truck self-driving system "Xuanyuan" and launch more production models with industry partners.
XPeng in spotlight for superstitious event at dealer store - CnEVPost A group of Taoist priests appear to be holding an event in front of an XPeng offline store, prompting many to question what they are doing.
Deutsche Bank's first look at Li Auto Q4 earnings - CnEVPost The team does not see compelling reason to own the stock as it will not have new products until the third quarter and the new EREV will target a relatively small segment.
Ford blames BYD for Mustang Mach-E's lackluster deliveries in China - CnEVPost Ford is experiencing the same unstable battery supply problems as NIO, which is the first reason for the Mustang Mach-E's low deliveries in China.
BYD and FAW's battery project, aimed to meet demand for 1 million NEVs, begins construction - CnEVPost The project has a total investment of RMB 13.5 billion ($ 2.14 billion) and is designed to have a total capacity of 45 GWh.
Jidu to unveil its production car at Guangzhou Auto Show in Nov - CnEVPost Baidu will use ANP 3.0 in production cars in July 2023, and the first model to use it will be Jidu's.
Energy density of Dongfeng model's solid-state battery on par with regular one - CnEVPost The Dongfeng E70's solid-state battery pack has an energy density of just 157 Wh/kg, only slightly higher than the 150 Wh/kg of the BYD Han EV.