In addition, supplementary information and disclose the latest financial information of the company. As of February 28, 2022, NIO had cash and cash equivalents, restricted cash and short-term investments totaling 52.65 billion yuan. In terms of share ownership, Li Bin has 44.5% of the voting rights, and the Tencent entity has 5.6% of the voting rights.
Weilai adopts the introduction and listing method on the SGX, which does not involve the issuance of new shares and fundraising. NIO’s Class A shares listed on the SGX are fully convertible with its NYSE-listed American Depositary Shares.
According to the data, in November 2014, Weilai was founded by Li Bin, and received investment from dozens of well-known institutions such as Temasek, Baidu Capital, Sequoia, Hopu, Lenovo Group, Warburg Pincus, TPG, GIC, IDG, and Joy Capital; On September 12, 2018, NIO was successfully listed on the New York Stock Exchange; on March 10, 2022, NIO officially landed on the Hong Kong Stock Exchange.
If it successfully landed on the SGX this time, NIO will also become the first smart electric vehicle company listed in three places.