Phate Zhang

Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.

Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.

Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.

Nio will waive service fees for car owners using its swap stations along highways during the upcoming National Day holiday, rather than waiving both service and electricity fees as it had previously done.

The Xpeng P5 was the world's first production car to feature LiDAR when it went on sale on September 15, 2021, and now it's eliminating the component.

The 2024 G9 received more than 8,000 firm orders within 72 hours of launch, and deliveries began on September 21, Xpeng said.

Cumulative deliveries of the Dolphin stood at 462,558 units at the end of August, with monthly deliveries exceeding 30,000 in each of the past six months.

The Dolphin is the fourth model BYD launched in Mexico after the Han, Tang, and Yuan Plus, with a starting price of around $31,250.

Nio president said media reports that the company sold 832 units in Europe in the first half of the year are inaccurate, and that the real results were three to four times that number.

Nio aims to boost NOP+ coverage to 200,000 kilometers of urban roads by the first quarter of 2024.