The electric vehicle maker NIO started being traded on the Singapore Stock Exchange on Friday, an event live streamed by the NIO on its social platforms. CEO William Bin Li unveiled that the company aims to establish a research and development center for artificial intelligence (AI) and autonomous driving (AD) in Singapore.
In addition, NIO plans to research institutions to further broaden and enhance its global R&D capabilities while details on the expansion to the country in terms of sales were not mentioned.
“Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO’s global business development. NIO has further strengthened NIO’s footing in the global capital markets with Singapore’s strategic significance,” William Bin Li started to say.
“Moreover, we will also leverage Singapore’s advantageous position as an international financial and technology center, by collaborating with science and research institutions and establishing NIO’s R&D center for AI and AD in Singapore and we will further broaden and enhance our global R&D footprint,” NIO CEO stated.
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“NIO is a young global startup. We will continue to stay true to our original aspiration for the blue sky uphold our vision of building a user enterprise, bring products, services and experiences beyond expectations to user creating long-term values for investors and contribute to the global green economy and sustainable development,” he concluded.
On May 5, one day after being added to HFCAA list, NIO announced the proposed secondary listing of its Class A ordinary shares, by way of introduction on the Main Board of the Singapore Exchange Securities Trading Limited. The Company’s American depositary shares (ADS) will continue to be primarily listed and traded on the New York Stock Exchange (NYSE), the company stated.
NIO posted on Tuesday its first job vacancy located in France, the 8th European Market for the Chinese electric vehicle manufacturer. “For starting our power business operations in France, we are looking for a NIO Power Network Development Lead,” NIO said on the job description. After Hungary and Austria, France is now officially on NIO‘s plan to early 2023.