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NIO to join Hang Seng TECH Index and Hang Seng Composite Index

Goola Warden
Goola Warden5/23/2022 08:28 AM GMT+08  • 1 min read
NIO to join Hang Seng TECH Index and Hang Seng Composite Index
Source: Bloomberg
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Electric vehicle maker NIO which ended its first day of trading on SGX at US$17.30, announced it will be included in the Hang Seng TECH Index as a constituent stock, effective June 13, 2022, The Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index's screening criteria. In addition, the company will also be included in the Hang Seng Composite Index as a constituent stock, effective June 13, 2022. NIO has a secondary listing on the SGX.

Founded in November 2014, NIO designs, develops, jointly manufactures and sells smart electric vehicles.

According to a company announcement, NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018. Other models include the ES6, a five-seater high smart electric SUV, EC6, a five-seater electric coupe SUV, and ET7, a smart electric sedan, which began deliveries in March this year. Its latest model is the ET5, a mid-size premium smart electric sedan, launched in December 2021.

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