Fund Raising
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Li Auto completes offering of $862.5 million convertible senior notes
Li Auto closed down 4.3 percent to $21.78 on Monday. Its Chinese peer Nio also closed down 2.57 percent to $37.14, and Xpeng Motors fell 1.45 percent to $33.99.
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Li Auto to issue up to $750 million in convertible notes, shares fall 4% after hours
Chinese electric car maker Li Auto announced plans Monday to issue up to $750 million in convertible senior notes due 2028 , its first capital markets financing so far this year.
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Nio Capital leads $20 million funding for VR firm NOLO VR
NOLO VR is the only mobile VR hardware brand in the world other than Oculus that owns one of the most core key technologies of VR - 6DoF interaction technology.
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Nio Capital invests in firm that provides self-driving solutions for mining vehicles
Nio Capital is a private equity investment institution with RMB 10 billion funds under management.
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Chinese city Zhuhai reportedly invests $300 million in Faraday Future
Chinese state-owned capital from the city of Zhuhai has invested RMB 2 billion($300 million) in Faraday Future's (FF) latest funding round, Sina Tech reported Wednesday, adding that the investors could also bring policy support to the company.
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Evergrande's car making arm raises up to $3.35 billion through private placement
This is one of the largest equity financings in China's new energy vehicle industry. It's trading at an 8 percent discount to the average closing price over the previous five trading days, with each investor voluntarily locking in for 12 months, the company said.
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Nio announces closing of convertible notes offering, raising amount to $1.5 billion
The amount was raised because of the exercise in full by the initial purchasers in their option to purchase up to an additional $100 million in the 2026 notes and $100 million in the 2027 notes.
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Xpeng secures credit lines totaling RMB 12.8 billion from five Chinese banks
Xpeng today announced that it has received credit facilities totaling RMB 12.8 billion from five Chinese banks to support its business operations and the construction of its production and sales and service systems.
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Nio to offer $1.3 billion in convertible notes to ‘further strengthen’ its cash positions
Chinese EV maker Nio plans to offer $1.3 billion in convertible notes which include $650 million in notes due 2026 and $650 million due 2027, the company said during the after-hours trading session.
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Nio, Xpeng are the most financed companies in China's NEV industry in past decade
A recent report showed that Nio and Xpeng are tied for first place with 13 financing events each in China's new energy vehicle industry over the past decade, out of a total of 897 financing events.
