Nio BaaS

Mirattery's 501-million-yuan ($72.7 million) hold-type battery ABS has begun trading on the Shanghai Stock Exchange, marking a key step in its asset securitization.

Mirattery has issued a new green ABN with a total value of 1 billion yuan ($145 million) to support its battery asset business.

Mirattery completed a Series C financing of nearly RMB 1 billion ($140 million), an expansion from the RMB 670 million announced in November.

Beyond additional investment from founding shareholders, Mirattery has brought in two state-owned enterprises as shareholders.

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

Under the BaaS plan, the monthly rental fee for the 60-kWh battery pack is RMB 599 ($83), a 33.37 percent reduction from that of the 85-kWh battery pack.

The delivery wait time for the Onvo L90 has doubled, and the wait time for the L60 has also been slightly extended.

Mirattery said one of its founding shareholders, Hubei Science Technology Investment, has increased bet in its Series C round of financing.