分类： wefsgf

　　Lantu Automobile announced on September 3 that it will bring its latest model, the global version of Lantu Zhiyin, to the 2024 Turin International Motor Show. The English name of the global version of Lantu Zhiyin is "Courage", which not only reflects the confidence of Lantu Zhiyin as a "985" pure electric expert, but also highlights the determination and courage of Lantu Automobile as a national team to go global. This exhibition marks the first appearance of Lantu Zhiyin in overseas markets, and is also an important milestone in Lantu Automobile’s globalization strategy. Lantu Automobile will take this opportunity to demonstrate its "985" level of excellent quality and technical strength to the world, further demonstrating the new image and strong competitiveness of "China Intelligent Manufacturing".

　　Lu Fang, CEO of Lantu Automobile, said: "Lantu’s confidant will go to the world stage with the courage to face challenges and show the world the strength and responsibility of Chinese brands. Lantu’s confidant has many 985-level strengths. We firmly believe that it can not only become the confidence choice of domestic users, but also become the’new strength ‘representing China’s intelligent manufacturing, so that the world can see the power of Chinese brands."

　　Lantu’s overseas debut in Turin, Italy, is not only a tribute to the design capital, but also a declaration to the world that Chinese brands are ready to meet the challenges of the global market. Lantu insists on combining Chinese culture and modern automobile civilization from the beginning of the design process, integrating Chinese cultural elements into products and services, and telling Chinese brand stories to overseas users to demonstrate cultural confidence.

　　As the first global pure electric model under Lantu, Lantu’s confidant is based on the development of Lantu’s new generation of self-developed pure electric platform, and is positioned as a pure electric household SUV for young people. With the core three electric technology of "901km/800V platform/5C super fast charging", it reshapes the new standard of high-end pure electric SUV three electric, demonstrating excellent quality and performance. The 901km battery life allows users to say goodbye to anxiety completely, and pure electric vehicles do not have to worry about long-distance; the global 800V high-voltage silicon carbide platform has the industry’s first 92.5% CLTC working condition efficiency. With 5C super fast charging, it can be charged to 515km battery life in 15min.

　　As a high-end smart new energy brand under Dongfeng Company, Lantu Automobile has been committed to promoting the globalization of China’s new energy automobile industry since its establishment. By 2030, Lantu Automobile will expand to six continents, enter 60 countries around the world, build 500 sales and service outlets, and exceed 500,000 overseas sales. The overseas debut of the global version of Lantu Bosom is not only an important step in the globalization strategy of Lantu Automobile, but also a key footnote for Chinese auto brands to show their strength and responsibility to the world. Lantu Automobile will take this opportunity to further promote the recognition and influence of China’s intelligent manufacturing on a global scale, and draw a grand blueprint for Lantu with bosom friends around the world. (Source: Lantu Automobile)

　　Shell Financial News (Reporter Bai Haotian) On September 26, Avita’s medium-sized SUV Avita 07 was officially listed, launching two models of pure electric and extended range. The price of the pure electric version is 229,900 – 289,900 yuan; the price of the extended range version is 219,900 – 279,900 yuan.

　　The length, width and height of the body are 4825/1980/1620mm respectively, and the wheelbase is 2940mm. There is a 35.4-inch 4k integrated remote hairtail screen running through the center console, integrated instrument panel and passenger entertainment functions, and a 15.6-inch floating Huawei 2K smart center control screen.

　　Avita 07 is equipped with Huawei Dry Smart Driving ADS 3.0, which adopts a new end-to-end architecture and has intelligent driving capabilities from the departure parking space to the destination parking space. The pure electric version is equipped with 82.16 kWh () Shenxing supercharged battery, with a peak charging rate of 4.5C and a charging power of up to 420 kW. The extended range version is equipped with 39.05 kWh Ningde Times Shenxing super hybrid battery.

1905 movie network news It has been scheduled for summer release on August 11. The film is directed by Lu Yang and brings together Zhang Zhen, Yang Mi, Zhang Yi, Lei Jiayin, Xin Zhilei, Jin Shijie, Liu Duanduan, Li Yuan, Wu Qiang, Yang Yi, Wu Xiaoliang, Li Hongtao, Liu Fengchao, Yuan Wenkang, Ma He, Liu Tingzuo, Wang Renjun and other lineups. Famous director Ning Hao is also the film’s producer. Recently, the film released a set of character relationship posters. Bamboo forest elements highlight the "new martial arts style", and hand-painted symbols such as cicadas and yellow birds become the characters’ interpretation codes.

The poster of "Embroidery Chun Dao · Shura Battlefield" hides the relationship between the characters, and the hand-painted elements are used to interpret the password

Recently, the movie "Embroidery Spring Knife · Asura Battlefield" exposed a group of character relationship posters, including Zhang Zhen, Yang Mi, Zhang Yi, Lei Jiayin, Xin Zhilei, Jin Shijie, Liu Duanduan, and others. The hand-painted cicadas, yellow sparrows, and other symbols in the posters have become the characters’ interpretation codes.

The "grasshopper" in Zhang Zhen’s version of the poster may suggest that his role as Shen Lian is more humble and obsessive this time; in Yang Mi’s version of the poster, dragonflies seem to be detached from worldly affairs, but in nature, dragonflies also prey on butterflies, bees, and even cannibalism of the same kind, adding a mysterious color to the character of "Beizhai". Zhang Yi, Xin Zhilei, and Jin Shijie’s version of the poster make people think of "mantises catch cicadas, and yellow birds are behind"; the spiders in Lei Jiayin’s version of the poster suggest that "Pei Lun" is a difficult master. The newly exposed character of Liu Duanduan is a mystery, but there is a snake ready to go on the poster, which seems to be a greater threat to everyone. In particular, most of the creatures depicted in the poster will wither in autumn, which shows the sense of destiny in the late Ming Dynasty Director Lu Yang previously said frankly: "The fetters of love and brotherhood will be the more dangerous Asura field for Shen Lian this time." The poster hides the mystery of the relationship between the characters, and the answer will only be revealed when it is released on August 11.

Bamboo forest elements show the new martial arts style "embroidered spring knife" breaks through the tradition and is more cold and hot-blooded

As one of the representative elements of martial arts movies, bamboo forest has also appeared in classic films such as. This group of character relationship posters shows the bamboo forest style, paying tribute to the classics and highlighting the innovation of the series to traditional martial arts.

Sang Lin, a martial arts director, was nominated for the best action design at the Golden Horse Awards for his work Embroidery Chun Knife. The film has no tricks or "flying around" in action. The realistic action makes the audience feel on the spot, which makes the film jump out of the limitations of traditional martial arts movies. Therefore, it is called "Ming Dynasty version" by fans. Ning Hao, the film’s producer, once said: "Embroidery Chun Knife Shura Battlefield is a younger and more modern martial arts film. I think it can represent the appearance of the new martial arts film of this era." This time, the film gathers the original cast. In addition to inheriting the style of the previous work, in the action design, including clothing and transformation, photography and editing, it will even use games and animation as references, and there will be a more passionate presentation.

The movie "Embroidery Spring Sword · Shura Battlefield" is written by Chen Shu, Lu Yang and Yu Yang and will be fully released on August 11, 2017.

　　Financial Union News Agency on November 17, the broader market fluctuated narrowly throughout the day, and the three major indexes all rose slightly. On the disk, individual stocks in the automotive industry chain continued to be active.,,,Wait for multiple stocks to rise by the limit.Concept stocks rallied and strengthened,The daily limit rose to a record high.Up more than 10%. Chip stocks were active, led by HBM,,20CM daily limit.The stock market moved in late trading,By the daily limit.Up more than 10%. Overall, market hotspots are characterized by rapid rotation. On the downside, hashrate leasing concept stocks have fallen into adjustment.Waiting to fall more than 5%. Overall, individual stocks rose more and fell less, and more than 3,700 individual stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock exchanges 826.70 billion today, 24 billion from the previous trading day.

　　plate aspect

　　On the plate, the plate led the rise throughout the day, with the daily limit setting a record high again, rising more than 10%.,,,The increase was among the top. On the news surface, the reporter learned from people close to the supply chain.createOr will be applied to those listed this quarterAsk the world M9 model. However, there have been rumors about the news in the market before. The sudden outbreak of compound current collectors today may further tap the relatively stagnant segmentation of the automotive industry chain. It should be noted that this direction has maintained a relatively stable upward trend of fluctuations, but after today’s volume increase, with the successful activation of short-term active levels, the subsequent shocks in this direction may further intensify.

　　BeforeIt is pointed out that, compared with traditional current collectors, composite current collectors significantly open the ceiling of weight reduction and can assist in liftingEnergy density, reduced manufacturing costs, and the potential to improve safety are expected to partially replace traditional current collectors, and the market space is vast. Therefore, before the industry landscape is formed, we should focus on companies that take the lead in completing downstream verification and breaking through equipment yield difficulties.

　　The HBM concept is fermented on a plate.20CM daily limit,Up more than 15%, in addition,,,Wait for the stock’s daily limit. HBM (ie high bandwidth memory) is ultramicroAnd SK Hynix launched a high-performance DRAM based on a 3D stack process, suitable for applications with high memory bandwidth requirements, such as graphics processing units, network switching and forwarding devices.

　　Media reports, withAs competition intensifies, Samsung and SK Hynix, the world’s two largest memory chipmakers, are preparing to increase HBM production by 2.5 times. In addition to South Korea’s Shuangxiong, Micron, the world’s third-largest DRAM company, will also aggressively target the HBM market from 2024. Overall, the HBM concept belongs toNewer in the industryIt is easier to be recognized by short-term funds, and there is also the possibility of secondary fermentation of public opinion over the weekend. However, after today’s collective volume has risen, it may have directly filled the short-term market expectations. When next week’s incremental capital shortage continues, it remains to be seen whether funds are willing to carry out high-level relays.

　　Stocks moved at the end of the day, rising by the daily limit, up more than 10%.,,Wait for individual stocks to rise at the top.The research report said that the continued rapid development of the AI industry is, on the one hand, the head light module manufacturersThe quarter-on-quarter growth and further exceeding expectations have laid the foundation, and on the other hand, it is gradually eliminating concerns about the uncertainty of the future long-term development of the industry. The optical module sector is expected to achieve better-than-expected performance + valuation repair in the future. Davis double-click.

　　From the perspective of the market, the changes in the late CPO and the index formed a certain resonance, on the one hand because of the existence of the plateThe weight of the target, on the other hand, the CPO has undergone a long period of consolidation and the valuation advantage has gradually become apparent, and it is also in line with the style and aesthetics of the current pan-technology hype. In this context, whether the rebound of the CPO sector can go out of continuity or have a certain reference value for the subsequent strength of the index.

　　In terms of individual stocks

　　Today’s short-term theme direction ushered in a quick fix. Judging from the daily limit distribution, the current short-term money-making effect is mostly concentrated in the two major industrial chains of automobiles and chips. likeSuccessfully advanced to 6 consecutive boards, andAlso in the afternoon, the earth and sky boards were staged to achieve 5 consecutive boards, in addition to8 days 7 boards,6 days 4 boards,4 days and 3 boards, etc., once again reflect that the theme hype style with pan-technology as the main line is still continuing. And the market hotspots are beginning to spread in the direction of intelligent driving, HBM, and composite collectors, which were previously relatively stagnant. However, it should be noted that the volume of today’s market can further shrink, and in the market environment of the stock game, it is unable to support the market divergent hype. The follow-up money-making effect is likely to be concentrated in the core targets of the front row. Therefore, for investors who have participated in it, adhering to the principle of removing the weak and leaving the strong may have a higher winning rate.

　　market outlook analysis

　　As of the close,Up 0.11%, the Shenzhen Composite Index rose 0.25%,Up 0.43%. Northbound funds sold a net 2.859 billion yuan throughout the day, of whichNet sales 2.048 billion yuan,Net sales 811 million.

　　Today’s market as a whole showed a slight bottoming and rebounding trend. More than 3,400 stocks in the two cities closed up. Among them, the short-term theme direction picked up, and the automotive industry chain, composite current collector, HBM concept, CPO and other directions were all active during the session. However, it should be noted that today’s overall volume energy did not increase but decreased. It can be seen that although there are many hot spots in the market, most of the funds are fighting independently and did not form a joint force. Once the volume energy next week cannot be effectively amplified, the theme may show a rapid and disorderly rotation trend, and the continuity is difficult to guarantee. Therefore, it is not appropriate to blindly chase the daily hot spots. Focus on the low-suction arbitrage opportunities that appear when the hot spot differences are sorted out or wait patiently for the establishment of a new main line to lead the rise before following.

　　Today, short-term sentiment has picked up, and short-term sentiment indicators have returned to above the 0 axis.

　　Market News Focus

　　1. The M9 will make its debut at the Guangzhou Auto Show in December

　　On November 17th, at the 2023 Guangzhou Auto Show that opened today, the Wenjie M9 made its first public appearance, and the car will be launched in December. This year’s auto show, Hongmeng Zhixing participated in the exhibition for the first time in an independent booth. The models on display also include the Wenjie M5 Urban Rejuvenation Package, the new M7 of Wenjie, and the S7 of Zhijie that has just started pre-sale.

　　2. Eligible existing PPP projects can apply for special project bonds to raise construction funds

　　According to the requirements of the regulatory authorities, for the unstarted projects that have completed the procurement procedures of inviting tenders and have a certain income before the PPP clean-up verification in February 2023, if they meet the investment field of special project bonds and are determined by the local government to meet the relevant requirements of PPP clean-up verification and rectification, they are allowed to declare special project bonds to raise construction funds on the premise of ensuring the balance of income and expenditure in the whole life cycle of the project.

　　A news of "Taiwan’s popular male star Peng Yuyan and financial boss Zhang Lei" exploded on the Internet. For a time, everyone was in an uproar, and many girls had broken their dreams. Could it be that Hu Ge and Peng Yuyan, the "immortal sword left-behind children", are really going to "part ways"? And more rational netizens questioned the authenticity of the incident.

　　Peng Yuyan also moved quickly. After the incident, the studio responded quickly: it was purely fabricated and had been handed over to the law for processing. The people who ate melons temporarily accepted the facts with a skeptical heart, but more people believed that this was a public relations means to cover up.

　　Shortly after the incident was exposed, a colleague in the financial industry revealed in an article introduction comment on "Zhang Lei" that the whole thing was actually a big oolong. The whole thing is simply misinformation from employees who are not very good at learning. It turned out that Peng Yuyan was Mr. Zhang Lei’s LP, that is, Limited Partner (Limited Partner). When Mr. Zhang Lei expressed it, he was mistaken by employees that LP meant "wife", which is the abbreviation of Chinese pinyin, so a series of oolong was derived.

　　Although this statement makes people feel ridiculous, it is a mystery with persuasive and credible, and the girls can finally protect Peng Yuyan, a high-quality boyfriend. At the same time, if the truth is like this, then Mr. Zhang Lei can be said to be the standard "people sit at home, the pot comes from the sky"!

　　Nowadays, some people are really busy every day

　　Peng Yuyan, a 360-degree male god without dead ends

　　I’m also drunk for pointless entertainment

　　If you really want to come out

　　We would rather be Peng Yuyan and Yu Wenle!

　　As a popular male god

　　I still hope Peng Yuyan can get better

　　Peng Yuyan insists on fitness

　　I’ve always maintained my tough guy figure

　　You will get as much as you pay

Source: Sina Music

　　Business Daily reporters, Chen Hesheng/Wen, Yang Donghua/Picture

　　Yesterday, Jay Chou’s fan meeting was held in Zhengzhou, and Henan Radio Station FM90.0 MY RADIO broadcast the whole process live.

　　Hundreds of fans waited for hours and hastily gathered with Jay Chou for half an hour. They were also a little regretful in their happiness. One fan who rushed to Zhengzhou from other places said that it was not easy to meet Jay Chou. As Jay Chou sang in "White Windmill": "You said you shouldn’t meet again for a moment."

　　Wait for Zhou, see Zhou, visit Zhou, don’t Zhou, combined into a picture of Jay Chou’s trip to Zhengzhou.

　　{Act 1} Wait for weeks

　　"I’m fed up with waiting, your so-called arrangement. How long will it take?" – Jay Chou, "Rewind"

　　Voiceover: Before Zhou Dong arrived, the fans went crazy first. On the square at the east gate of Yuda Hotel, boys and girls lined up.

　　You said: Difficult, really difficult.

　　If it were normal, there were more cars than people in the parking lot of Zhengzhou Yuda International Trade East Gate. Yesterday’s scene was different. At 12 noon, there was still an hour and a half before the meeting time arranged by the organizers. Hundreds of fans had gathered here.

　　Everyone was looking forward to it, and some fans even asked each other which door Zhou would enter the hotel from, what clothes he would wear… Some fans even found it difficult to calm their emotions, saying, "When I see Jay Chou later, will I faint?"

　　In addition to waiting for Jay Chou, another important thing is to wait for the admission tickets to the meet-up. Due to the limited space on the spot of the meet-up, the issuance of admission tickets is relatively strict. Members of organized fan clubs are luckier. Fan club members revealed that they can get a ticket to the meet-up by purchasing an infield ticket. The price of the infield ticket is 2008 yuan, 1800 yuan, 1600 yuan and 1400 yuan respectively. This claim was later confirmed by the reporter from the announcement on the fan website. Another version is that you can only get one ticket if you buy five VIP tickets. The reporter was not confirmed from the organizers.

　　In yesterday’s fan camp, there were also many "retail investors". They basically bought infield tickets and were allowed to attend the meeting.

　　{Act II} See Zhou

　　"The area that should be happy, all you give is blank" – Jay Chou, "Rewind"

　　Voiceover: Zhou Dong appeared with extraordinary momentum. The colorful cards in the audience were shining, and the fans on the scene were obsessed.

　　You said: It’s cool, it’s really cool.

　　If you ask who is the most popular male artist in China now, the answer is mostly Jay Chou. Fans can see Jay Chou up close, and it goes without saying that they are excited.

　　At 13:55, as soon as Jay Chou appeared from the small door on the right side of the stage, the fans on the scene waved shiny signs with Jay Chou’s Chinese and English characters and cheered. At the same time, the three men and two women who followed Jay Chou quickly blocked the corner of the stage to "arm". The auditorium is divided into three areas vertically, the front is the leader of the organizer, the organizer, and the sponsor, and the fans are arranged in the last area.

　　When Jay Chou heard only the fan area at the back of the scene shake "cards" and shout, he said, "Singers stand on the stage, and what they want most is to interact with the audience. The people sitting at the front are generally seniors, so they can’t interact very well. When my mother and grandmother watch my concerts, they all sit at the back, and they can hear it better farther away from the speakers, so they won’t say that I can’t bite clearly when I sing." No wonder Jay Chou said this, and the photographer photographed someone dozing in the front seat.

Editor in charge: Li Ming

On May 4, Deng Chao posted a striking message on social media saying that he had been kicked out of his home by Sun Li. The brief post, although short in words, immediately attracted widespread attention and heated discussions on the Internet. Users expressed great curiosity about the sudden appearance of this seemingly loving couple.

Deng Chao and Sun Li, as model couples in the entertainment industry, have always shown themselves as loving and happy. However, this time Deng Chao’s post made people feel an unusual side of their lives. Although the specific situation is not yet clear, such an episode obviously provides a rich imagination for netizens.

The reaction to Deng Chao’s experience was unexpectedly relaxed and joyous. The comment area was filled with "hahaha" laughter, as if everyone had become accustomed to the interesting interaction between the couple. Some netizens joked: "Hahaha, what bad things have you done again?" Others speculated that Deng Chao may have done something that made Sun Li dissatisfied, such as "embarrassing to Empress Abi" or "probably eating canned herring". These humorous comments undoubtedly added a lot of interest to the matter.

In addition to the jokes, netizens also offered some practical advice. Some suggested that Deng Chao "wear the clothes of the King of Fruit" to make Sun Li happy, while others suggested that he "live in the crew" or "go to Luhan’s house." Although these suggestions were somewhat joking, they also reflected the concern of netizens for Deng Chao and the recognition of his relationship with Sun Li.

It is worth noting that after being kicked out of the house, Deng Chao did not rush to coax his wife, but chose to launch Weibo first. This move was quite surprising, and it also showed his calmness and optimism in the face of this situation. Perhaps it is because of his open-minded attitude that netizens are full of love and attention to him.

Looking back at the experiences of Deng Chao and Sun Li, the two became attached to each other through drama, knew each other and fell in love, and finally entered the palace of marriage. Their relationship has always attracted the attention of the outside world, and it has also become a story in the entertainment industry. Today, despite such an episode, I believe their relationship is still as solid as a rock.

As bystanders, we may be able to see another side of the life of the celebrity couple from this incident. Although they are glamorous, they also have the same trivial life and emotional twists and turns as ordinary people. However, it is these real details that make us like and pay more attention to them. I hope Deng Chao and Sun Li can resolve this small conflict as soon as possible and continue to bring us more joy and positive energy.

Responsible editor:

Source: Manager Media’s "Business News. Family Office" magazine

Last year, due to the "user trust" stalled Hong Kong IPO, yesterday NIO successfully listed on the Hong Kong Stock Exchange with "introduction listing".

On March 10, it was an exciting day for "NIO" automobile company. Under the pressure of delisting the US stock market, after two difficult IPO applications in Hong Kong, it finally officially listed on the Hong Kong Stock Exchange, with the stock code "9866" and the opening price on the first day was 160 Hong Kong dollars. As of press time, the market value exceeded 270 billion Hong Kong dollars.

Compare with the 8 major automakers

This time, NIO listed on the Hong Kong Stock Exchange in the form of "introduction", without raising funds. The company’s share price rose to 169.5 Hong Kong dollars on the first day of listing, and then fell sharply.

If we compare the stock price and market value of NIO’s listing with those of the top 8 domestic automakers that will be listed:

1, NIO, share price 163 yuan, market value 272.20 billion
2, XPeng Motors, stock price 111 yuan, market value 190.80 billion
3. Li Auto, share price 109 yuan, market value 225.20 billion
4, Geely Automobile, share price 11.8 yuan, market value 118.80 billion
5, GAC Group, share price of 6.6 yuan, market value 69.30 billion
6, Great Wall Motor, share price 12.5 yuan, market value 115.30 billion
7, BYD, share price 201 yuan, market value 586.30 billion
8, millet group, share price of 13.6 yuan, market value 341.60 billion, (including the Great Wall Motor, BYD, GAC Group, are Hong Kong shares)

We can find that the opening price of NIO’s listing is a few streets away from many domestic car companies that have already listed. NIO’s market value is 2.36 times that of Great Wall Motor, 4 times that of GAC Group, and 2.33 times that of Geely Automobile. NIO’s share price is close to BYD. Why are Hong Kong capital markets optimistic about NIO?

In 2019, NIO was still on the verge of bankruptcy because it could not get financing. Fortunately, it finally obtained the Hefei Municipal Government’s 7 billion investment fund to gradually get out of the predicament. In 2021, NIO delivered 91,429 new cars throughout the year, an increase of 109.1% year-on-year. In February 2022, 6,131 smart electric vehicles were delivered, an increase of 9.9% year-on-year. In 2022, NIO plans to deliver three new models, and the number of models on sale will increase from three to six. In just three years, NIO has become a leader in the field of domestic high-end smart electric vehicles in mainland China, gaining recognition from the market and investors.

Since this year, NIO’s performance in US stocks has been falling to the bottom. Experts believe that the overall valuation of new energy vehicles in the Hong Kong stock market is relatively high, so NIO’s performance in Hong Kong stocks is expected to be better than that of US stocks. But experts point out that whether NIO, which continues to lose money, can continue to gain market favor in the future depends on when it can turn losses into profits.

It is worth noting that NIO’s listing in Hong Kong coincides with the Russian-Ukrainian war, which has led to the rise in oil prices, which has brought unlimited potential to new energy vehicles, which also heralds a window for the surge in new energy vehicles.

Why "introduce listing"?

Morgan Stanley, Credit Suisse and CICC are joint sponsors of NIO’s IPO, which uses an "introductory listing" approach.

The special thing about the listing is that there is no public offering process, only shareholders apply for listing of old shares. According to the prospectus, Li Bin, founder and chairperson of NIO, holds 10.6% of the shares and has 39% of the voting rights; Tencent holds 9.8% of the shares and has 17.4% of the voting rights; Baillie Gifford & Co shareholding ratio is 6.5% and the voting rights are 3.5%.

NIO is the first Chinese concept stock to return to Hong Kong from the US in the form of an introduction in recent years. Since the introduction listing does not issue new shares to shareholders in the new market, there is no issue price set in advance. The price at the beginning of the listing of the company is determined by the market, and the opening price will be used as a benchmark for calculating the rise and fall of the stock price after that.

Why use the "introductory form" for listing? In fact, according to previous media reports, NIO submitted a listing application in Hong Kong in March 2021, but failed to obtain approval from the Hong Kong Stock Exchange, mainly due to its involvement in user trust shareholdings.

According to the announcement issued by NIO in 2019, Li Bin, founder, chairperson and CEO of NIO, established 50 million shares in his name as NIO User Trust. In the public document introducing the listing in Hong Kong, NIO stated that the main company of its user trust is NIO Users Limited, which owns 1.1% of the issued Class A ordinary shares and voting rights, and will own 22.2% of the Class C ordinary shares and voting rights. Li Bin is the founder, regulator, investment advisor and sole actual beneficiary of the company. However, the establishment of user trust has attracted attention and inquiries from the Hong Kong Stock Exchange, which has stalled NIO’s listing on the Hong Kong Stock Exchange in 2021. As a last resort, NIO had to use the "introduction listing" method to list on the Hong Kong Stock Exchange for the second time, without raising funds, to be able to list successfully.

The successful listing in Hong Kong not only reduces the impact of geopolitical factors for NIO, but also provides investors with a clearer perspective on the Chinese company. Two people close to capital markets told Caixin that NIO’s introduction to Hong Kong stocks has stimulated the "nerves" of the market, and more Chinese stocks are expected to land in Hong Kong in this way in the short term. It is reported that the second echelon of new car-making forces, such as Zero Sports Car, Nezha Automobile and WM Automobile, will also go public in Hong Kong in 2022.

It is worth mentioning that in addition to Hong Kong capital markets, NIO is also exploring the possibility of listing in Singapore. It mentioned in its prospectus recently that NIO has applied for a secondary listing by introduction on the main board of the Singapore Exchange, and the Singapore Exchange is currently reviewing NIO’s application. NIO expects that the Class A common shares will be listed on the Singapore Exchange after listing on the Hong Kong Stock Exchange, subject to obtaining all necessary regulatory approvals and complying with all applicable listing requirements.