U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore

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Nio is planning to list its shares in Singapore. Chinese electric carmaker Nio said Friday that its planning a secondary share listing in Singapore. Singapore would be the third exchange that Nios shares are trading on. The move comes as Nio and dozens of other U.S.-listed Chinese companies were added to a U.S. Securities and Exchange Commission list of firms facing a possible desilting from American exchanges. Former President Donald Trump passed a law in 2020 that required U.S.-listed foreign companies to comply with higher auditing standards.

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