Fund Raising
Nio prices $1 billion convertible notes at up to 4.625% coupon
The $500 million 2029 notes bear interest at a rate of 3.875 percent per year and the other $500 million 2030 notes at 4.625 percent.
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Nio seeks to price $1 billion convertible notes at up to 4.75% coupon, report says
Nio seeks to price its 2029 notes at a coupon rate of 3.5 percent to 4.0 percent and its 2030 notes at a coupon rate of 4.25 percent to 4.75 percent, according to Bloomberg.
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Nio announces plan to issue $1 billion convertible notes, shares down after-hours
Nio plans to use a portion of the net proceeds to repurchase certain existing debt securities, with the remainder to be used primarily to further strengthen its balance sheet posit
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Changan's EV arm Avatr closes $410 million in new funding
Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.
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Neta announces closing of nearly $1 billion in new financing
Neta has announced the closing of a RMB 7 billion Crossover round of financing, without revealing any other details about the funding.
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Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor
NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.
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Italian powertrain maker Mavel gets investment from Nio Capital, to be supplier of Nio's next-gen models
Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.
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Self-driving startup HoloMatic closes $140 million Series C funding round
HoloMatic expects its losses to narrow dramatically by 2024 and to break even by 2025, when it will apply for a stock market listing.
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Sunwoda to split EV battery unit for separate listing in Shenzhen
Sunwoda's power battery installations in China amounted to 0.73 GWh in June, placing it at No. 6 with a 2.21 percent share.
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Solid-state battery startup Talent New Energy closes new funding, has over 10 GWh of capacity planned
Talent's second phase of a 2 GWh/year plant in Chongqing is expected to be completed by the end of 2023, and a 10 GWh/year industrial park project in Anhui is under construction.
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