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Chinese EV Maker Nio Debuts in Hong Kong Homecoming Listing

  • Company did not raise any money with listing in the Asian hub
  • Shares listed in New York have plunged about 36% this year
A Nio showroom in Beijing in November 2021. 
A Nio showroom in Beijing in November 2021. Photographer: Qilai Shen/Bloomberg
Updated on

Shares of Nio Inc. began trading in Hong Kong on Thursday after the Chinese electric-car maker chose a listing path that doesn’t involve selling new shares or raising funds. 

The stock closed at HK$158.90 in Hong Kong on Thursday, after trading as high as HK$169.50. That compares to a closing price of $20.17 (HK$157.72) for its American depository receipts on Wednesday. The New York-listed shared have lost about 36% so far this year.