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Oct 15, 2025 8:00 AM

Tesla Rival Nio's LiDAR Supplier Receives Hong Kong Stock Listing Approval Through SPAC

Nio Inc.'s (NYSE:NIO) LiDAR supplier Seyond Holdings Ltd. received approval from authorities in China for its Hong Kong stock listing through a Special Purpose Acquisition Company (SPAC).

Check out the current price of NIO here.

190 Million Common Shares

The company will be allowed to list no more than 190,240,000 shares on the Hong Kong Stock Exchange, through a merger with TechStar Acquisition Corporation, the China Securities Regulatory Commission (CSRC) said in an official announcement on Tuesday.

The agency said that Seyond would need to report on the status of the completion of the listing "within 15 business days." Seyond has been Nio's LiDAR supplier since the company launched the ET7 in 2022.

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