Nio
Stocks to watch: UOB, Nio, Sanli
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 2):
EV maker Nio trims Q3 loss to 3.5 billion yuan with 40% jump in vehicle deliveries
Its losses narrow from the year-ago period, and revenue is up 16.7% on year
Nio’s Firefly EV brand seeks growth in right-hand drive markets without tariffs
It will be marketed as premium in Singapore, avoiding a price war with domestic rivals
Nio’s October deliveries surge 92.6% to 40,397 electric vehicles
Cumulative deliveries reached 913,182 as at Oct 31, 2025
Nio closes 2.7% higher after rebounding from plunge following GIC lawsuit
Morningstar says the lawsuit’s allegations are not expected to have material impact on the company’s operations
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue
GIC sues China EV maker Nio, top execs for allegedly inflating revenues of at least US$600 million
It’s accusing Nio of fraud via manipulation of battery ‘sales’; seeks damages for its purchase of 54 million Nio depositary shares
Nio’s deliveries rise 64.1% to 34,749 in September, led by mass-market Onvo brand
For Q3 2025, its vehicle deliveries rise 40.8% on the year to 87,071 vehicles
China tightens EV export rules with permits required from 2026
The move aims to promote the “healthy development” of the country’s EV industry
Secondary listings like Nio, Nomura, Prudential, IHH add heft to SGX, but trading interest lags
In its renewed drive to draw more secondary listings, the bourse operator’s strategic priority is to encourage companies to issue shares locally
