Written by Cláudio Afonso | info@claudio-afonso.com
After the approval received on February 28th, NIO Inc. announced on Thursday that it has successfully listed, by way of introduction, its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong. After Xpeng and Li Auto listing during the last summer, also NIO is now trading on SEHK and the stock code “9866” regarding its first models: EP9, ES8, EC6 and ES6. The stock trades in board lots of 10 Shares, and the stock short name is “NIO-SW”. NIO stock opened in HKSE at 160 HKD, $20.46 USD.
The Company’s American depositary shares, each representing one Share, remain primarily listed and traded on the New York Stock Exchange. The Shares listed on the Main Board of the SEHK are fully fungible with the ADSs listed on the NYSE — the company added.
READ MORE: NIO: next catalysts and why I am Bullish for the upcoming months (by C. Afonso)
“Thanks to the trust of our users, the commitment of our colleagues, and the support of our investors and partners, NIO has successfully listed on the SEHK,” said William Bin Li, founder, chairman and chief executive officer of NIO. “While the automotive industry is going through rapid transformation, we will continue to make innovations in technologies, bring superior products and experiences to our users, and create long-term value for our investors.”
The EV manufacturer started ET7 Model test drives last weekend, on March 5th. During the first 48 hours, hundreds of customers had the opportunity to test the sedan unveiled in December 2020 that is finally start its deliveries later this month, on March 28th.
The electric vehicle manufacturer NIO posted on Wednesday, via their recruitment partner Piper Maddox, 10 new job vacancies focused on the Battery Swap Stations facilities. As part of its plan for the European Expansion, the company is now looking for many different positions related to this facilities: Power Network Rollout Manager, Power Network Development Manager, Power Network Rollout Lead, and Head of Power Network Development. The vacancies are for Germany, Sweden and The Netherlands. Check the details of each position here.
Earlier this week, the company posted on LinkedIn a new job vacancy for a General Manager to lead the P&L and drive business growth in United Kingdom. Among the key responsabilities, the candidate will “help to define and be in charge for execution of the UK Market strategy”. This new vacancy comes after the 8 job vacancies posted last week for London (England) suggesting that it can be its next European Market after the already announced Sweden, Denmark, Germany and The Netherlands.
“NIO is now looking for General Manager to lead the P&L and drive business growth in UK. You will be the key person developing our organization and business and we will very much rely on your current expertise and knowledge to secure our success. NIO is extremely user centric since our users are the only thing that makes us successful and motivates us to invent new products.”
On Tuesday, the company said that it will report its fourth quarter and full year 2021 unaudited financial results on Thursday, March 24, 2022, after the close of the U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 24, 2022 (9:00 AM Beijing/Hong Kong Time on March 25, 2022). A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
NIO announced on March 1st that delivered 6,131 vehicles during last month. February deliveries are often affected by the Chinese Spring Festival Hollidays where the factories usually close from January 31st to February 6th.
During the production suspension of the NIO-JAC manufacturing plant in the Spring Festival holiday from January 31 to February 6, 2022, the Company adjusted the production lines to prepare for the delivery of ET7 in March 2022.
Written by Cláudio Afonso | info@claudio-afonso.com