HSBC Holdings Plc filed Thursday a 13F-HR reporting the ownership of 9,391,158 shares in the EV maker NIO as of the end of Q2 2022 representing an increase of 145% from the first quarter of the year. As of December 2021, HSBC was the largest bank in Europe by total assets with $2.953 trillion.
In the second quarter, the firm added a total of 5,569,243 NIO shares and its holdings were valued at $68.19 million, as of June 30.
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The firm added NIO to its portfolio in the first quarter of 2019 adding 495,265 shares with its total holdings valued at 2.526 million as of March 31 when the stock was trading around $5 per share.
HSBC | NIO Holdings
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HSBC was founded in March 1865 in Hong Kong aiming helping to finance trade between Europe and Asia.
As EV reported on Thursday, JPMorgan Chase & Co raised its stake in the company adding 5,628,106 shares in the during the second quarter of 2022, an increase of 33.12% from the first quarter of the year.
On Thursday, a video leaked on the internet showed over one hundred units of the NIO ET7 model at the Shanghai Port waiting to be batched to Europe, amid the company’s expansion in the upcoming months.
The model was unveiled on NIO Day 2020, held in January 2021, and will arrive in Norway, Germany, Sweden, The Netherlands, and Denmark before the end of the year.
As reported by EV last Sunday, NIO‘s second Battery Swap Station in Norway is ready to open and the inauguration will be on August 15 at Vestby. The station is located at Svarthagsveien 1, 1540 Vestby, between Oslo and Gothenburg.
As of press time, NIO shares are trading 8.18% higher at $21.68 per share.