Fund Raising
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Nio announces closing of 68 million ADS offering at $39 per Share
Nio said the underwriters will exercise their option to purchase the additional 10.2 million ADSs in full.
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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.
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Xpeng plans to issue 48 million additional ADSs, up from 40 million previously planned
Xpeng priced its follow-on offering of the ADS at $45 each, representing a 7.6% discount to its last closing price of $48.69.
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Nio China secures 10.4 billion yuan credit line from six Chinese banks
Nio China today received a 10.4 billion yuan ($1.48 billion) credit facility from six Chinese banks, further strengthening its financial status.
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Nio reportedly to get over 10 billion yuan credit line from six Chinese banks
Chinese EV company Nio will receive a credit line of over 10 billion yuan ($1.4 billion) from six banks, according to Sina News.
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Nio finalizes agreement to get 7 billion yuan strategic investment
Nio Morots has completed a final agreement to bring in strategic investors under which they will invest RMB 7 billion in Nio China.
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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.
