NIO Inc. (NYSE:NIO) may delay its planned Hong Kong listing to 2022, according to people familiar with the matter. The U.S.-traded company filed for a second listing in Hong Kong in March 2021, but isn’t likely to debut in the Asian financial hub before early 2022, the people said, asking not to be identified as the information is private. Nio has received queries from the Hong Kong stock exchange about aspects of its structure, including a user trust set up in 2019, the people said. Nio announced on September 8, 2021 that it plans to sell as much as $2 billion in American depositary receipts. The U.S. share sale allows the firm to raise money quickly given the delay in the Hong Kong listing plan, a different person said. Deliberations are ongoing and Nio could still decide not to proceed with a Hong Kong listing, the people said. Representatives for Nio and Hong Kong Exchanges & Clearing Ltd. declined to comment.