Nio Inc (NYSE: NIO, SGX: Nio) has temporarily suspended trading of its shares in Singapore following a request from Nio CFO Stanley Qu. The suspension notice was issued during trading hours today and took immediate effect, with the reason for the halt remaining undisclosed at this time. This move comes after a similar suspension of Nio shares in Singapore on July 4, 2022, when the percentage of publicly held shares in the total issued capital fell below 10 percent.
Before the trading halt, Nio shares in Singapore had fallen by 1.47 percent to S$6.03. Despite this recent dip, the company has seen significant growth in the Singapore market, with a 70 percent increase in value since July. Nio’s shares also traded normally on the Hong Kong stock exchange today, closing down 2.26 percent at 4:00 pm local time.
Nio, a Shanghai-based electric vehicle manufacturer, was listed on the Singapore stock exchange on May 20, 2022. It is currently the only Chinese automaker listed simultaneously in the US, China, and Singapore. The company’s listing in Singapore followed a similar approach to its Hong Kong listing, with its class A ordinary shares being listed on the main board of the Singapore Exchange.
While the reason for the trading halt remains unknown, Nio is gearing up to launch its third-generation ES8 SUV at the upcoming Nio Day 2025 event on September 20. The company has also recently announced plans to enter the Singapore market in 2026, partnering with automotive retailer Wearnes Automotive to introduce the compact premium EV Firefly.
As Nio continues to expand its global footprint, it remains a key player in the electric vehicle market with innovative offerings and strategic partnerships. Stay tuned for updates on the resumption of trading for Nio shares in Singapore and the latest developments from this leading EV manufacturer.
