U.S.-listed Nio announced plans Monday for a Hong Kong listing amid regulatory uncertainty for Chinese stock offerings overseas.
U.S.-listed Chinese electric car company Nio is set to offer its shares for trading in Hong Kong on March 10, the start-up announced Monday.
"Based on the foregoing and as advised by our PRC Legal Adviser [Han Kun Law Offices], we are of the view that the Cybersecurity Review Measures will not have a material adverse effect on our business, financial condition, operating results and prospects," the electric car company said in a filing with the Hong Kong stock exchange.
The move comes as regulatory risks grow in the U.S. and China for Chinese companies listed in New York, adding compliance challenges for businesses and investors.