Nio
On the way to catch up with Tesla, where did Nio, Li Auto and Xpeng spend their money?
The amount of money they are spending on capital expenditures speaks for itself and is a sign of confidence and ambition.
This is why Nio chose to issue additional ADSs
Nio said it will make the choice that is best for the company's long-term growth based on changes in the market in order to safeguard its long-term competitive advantage.
Nio is closer to entering overseas markets
Zhang Hui, general manager of Nio Germany, recently met with a Chinese diplomat in the European country and introduced Nio's overseas development plans.
Nio explains its improved OTA capability brought by Nio OS 2.8.0
With the launch of Nio OS 2.8.0, the OTA capability of all Nio models has also been enhanced including both FOTA and SOTA.
Nio sees 5,205 insurance registrations in November, surpassing BMW and Audi's combined NEV sales in China
With 5,205 insurance registrations in November, Nio is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.
Nio plans to issue 60 million additional ADSs, stock down nearly 5% after hours
Chinese EV maker Nio today announced plans to offer 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company.
Nio, Xpeng, Li Auto's timeline for funding this year
Tesla, Xpeng, and Li Auto have all issued or announced plans to issue additional shares, leaving Nio the only major EV maker not having announced such plans as of Thursday.
Nio founder cites strong local supply chain as advantage for Chinese EV companies
Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.
Will Nio follow Tesla, Xpeng, Li Auto in issuing additional shares?
William Li Bin, the founder of Nio, said the company has no plans to raise additional funding in the short term to support Nio's growth.
Chip shortage haunts Chinese automakers, will Nio, Xpeng and Li Auto be affected?
A spokesperson for Nio told cnTechPost in Chinese which translated as "there is no impact at this time, Nio has been prepared in advance."