Nio to list in Hong Kong but won’t raise money

Thriving business: A Nio EP9 electric sports car. The automaker has recovered from a near-death experience to gain a solid foothold in China’s burgeoning EV market. — Bloomberg

BEIJING: Chinese electric vehicle (EV) maker Nio Inc will start trading on the Hong Kong stock exchange next week, choosing a path to listing that doesn’t involve selling new shares or raising any money.

The Shanghai-based automaker has applied for a secondary listing of its Class A ordinary shares on the Hong Kong exchange by way of introduction, it said in a statement.