Company could be valued as high as $120 billion.
Rival Uber operates in over 70 countries.
Shares in NIO fell 15 percent one day after the company's IPO.
The position had been vacant since 2015.
A Didi IPO would be huge, given its $56 billion valuation last year.
The move was a huge boon for the Italian automaker.
Things are moving forward pretty much as planned for Elio Motors, the company that wants to make affordable, highly efficient three-wheelers in the US.
High-MPG trike maker Elio will use $25 million raised by selling shares to the general public to make 25 test and engineering vehicles.
Ferrari is set to launch its Initial Public Offering on the stock exchange. But will the shares be able to keep up with the investment value of a classic Ferrari?
Ferrari has filed the necessary paperwork with the Securities and Exchange Commission to launch the company's IPO later in the year. The documents don't set a specific timeframe for the offering or price for the shares.
Sergio Marchionne figures Ferrari is worth $11 billion. Yes, that's right: billion, with a B. And we'll soon find out as the company's IPO is just around the corner.