Nio
Nio announces $235 million convertible note financing
Nio announced today that it has completed a $235 million convertible note financing. The investors are a number of Asian investment funds, all of which are "non-affiliated parties" and are not pure financial investors, it said.
Nio will burn another 14 billion yuan before break even in 2023, report says
Considering that Nio is carrying $1.5 billion in debt and that its free cash flow for fiscal 2019 is expected to be negative $1.4 billion (about 9.8 billion yuan), the recently announced new financing seems to be in vain, according to Bloomberg.
Nio's funding woes reflect challenges faced by Chinese EV startups
At a time when many people thought that Nio had run out of life, a "knight in white" gave a helping hand when Nio was most difficult.
Meet Nio EC6: SUV with over 600 km rang, 0-60 in 4.7 seconds
At the Nio Day 2019 held in Shenzhen last year, Nio released its third model, the Nio EC6, which is positioned as a smart electric coupe SUV with a long cruising range of up to 615km.
Nio says will focus on sales of EC6 and ES8 after China headquarters settled in Hefei
Almost at the last moment, Nio was once again getting the long-awaited funding: more than 10 billion yuan. The capital market gave positive feedback, and the pre-market share price rose over 33%.
Nio founder denies Geely investment report
In response to previous reports that Geely will invest 300 million US dollars in Nio, Nio chairman and CEO Li Bin today denied the rumor.
Nio founder says China headquarters in Hefei is a reasonable choice
On February 25, the Nio SUV EC6 mass production project was launched at the Hefei Jianghuai Nio Advanced Manufacturing Base.
Nio plans to list on China's newly established technology board by 2025
At the signing ceremony, the two parties also proposed that by 2025 Nio will be listed in China's "SSE Star Market" (Sci-Tech innovAtion boaRd), which was launched in the middle of last year, according to Yicai.com.
Geely still intends to invest in Nio, report says
Geely still have an intention to invest in Nio, especially after the failed acquisition of Aston Martin, Geely needs new projects to improve its strategic layout, 21st Century Business Herald quoted people familiar with the matter as saying.
Nio China headquarters will be in Hefei, EC6 mass production starts
Nio signed a cooperation framework agreement with Hefei City, and leaders of Anhui Province and Hefei City attended the signing site. According to the agreement, the Nio China headquarters project will be settled in Hefei, Sina Tech reported on Tuesday.
