Weilai logged on the Hong Kong Stock Exchange today to achieve dual listing in the United States and Hong Kong.

On March 10, Ulai successfully completed its listing on the Hong Kong Stock Exchange through introduction and officially began trading under the stock symbol "9866" with an opening price of HK $160on the first day.

Xiaopeng Motor and ideal Automobile, both of which are new forces in car building, have been in IPO in Hong Kong in July and August 2021, respectively. At this point, "Wei Xiaoli" after the United States stocks, officially gathered in Hong Kong stocks, to achieve the United States, Hong Kong listing.

As of press time, the market capitalization of Ulai Hong Kong stocks is 265.372 billion Hong Kong dollars and that of US stocks is 33.664 billion US dollars; that of ideal Motor Hong Kong stocks is 218.553 billion Hong Kong dollars and that of US stocks is 28.538 billion US dollars; that of Xiaopeng Motor Hong Kong stocks is 186.527 billion Hong Kong dollars and that of US stocks is 24.536 billion US dollars.

In addition to the Hong Kong capital market, Weilai has applied for a secondary listing on the main board of the Singapore Exchange, and the Singapore Exchange is currently reviewing Weilai's application. It is expected that, subject to all necessary regulatory approvals and compliance with all applicable listing requirements, Class An ordinary shares will be listed on the Singapore Exchange after listing on the Hong Kong Stock Exchange.

Li Bin, founder, chairman and CEO of Weilai, said: "the successful listing of Weilai in Hong Kong is inseparable from the trust of users, the dedication of employees and the support of partners. At present, the automotive industry is in an era of rapid change, we will continue to use technological innovation, continue to bring users beyond expectations of products and experience, and create long-term returns for investors. "

It is reported that Lai has set up R & D, production, sales and service organizations in Shanghai, Hefei, Beijing, San Jose, Munich, Oxford and Oslo. Last year, the Chinese new energy car company entered Norway and started delivery. this year, it will officially land in Germany, the Netherlands, Sweden and Denmark, and plans to provide services to users in more than 25 countries and regions around the world by 2025.

As of March 10, Weilai has 384 stores around the world. In 2022, Weilai's products and system-wide services will be officially landed in Germany, the Netherlands, Sweden and Denmark.

In terms of the layout of charging stations, as of March 10, there were 851 replacement stations in the country, including 227expressways, 3844 overcharging stations and 3742 destination charging stations. In 2022, Weilai plans to build 1300 + exchange power stations, 6000 + overcharged piles and 10000 + destination charging piles in the Chinese market.

In addition, on March 1, Ulai announced delivery in February 2022, with a total of 6131 smart electric vehicles delivered, an increase of 9.9 per cent over the same period last year. By the end of February 2022, Xilai has delivered a total of 182853 smart electric vehicles. The results for the fourth quarter of 2021 will be released on March 25. The first product of the NT2.0 platform, ET7, the flagship sedan of Wei Auto driver, will begin delivery on March 28th.