Chinese language electrical carmaker Nio stated Friday that it is planning a secondary share itemizing in Singapore.

Nio, which is listed on the New York Inventory Change, additionally carried out a secondary itemizing in Hong Kong in March. Singapore could be the third alternate that Nio’s shares are buying and selling on.

The transfer comes as Nio and dozens of different U.S.-listed Chinese language corporations had been added to a U.S. Securities and Change Fee checklist of corporations dealing with a potential desilting from American exchanges.

Former President Donald Trump handed a legislation in 2020 that required U.S.-listed international corporations to adjust to increased auditing requirements. People who didn’t comply with the principles might be delisted.

To mitigate the delisting threat, main Chinese language corporations listed within the U.S. — reminiscent of Alibaba, JD.com and others — have carried out secondary listings, primarily in Hong Kong.

However Nio’s transfer to checklist on a 3rd venue, notably Singapore, is a novel transfer — one which’s not been adopted by many different Chinese language corporations but.

Nio’s rivals Xpeng and Li Auto have each listed shares in Hong Kong through a so-called twin major itemizing.

Correction: This story has been up to date to appropriately replicate that Xpeng and Li Auto have twin major listings in Hong Kong. An earlier model of the story misrepresented these listings.