Fund Raising
Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia
Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
Sunwoda's EV battery business kicks off IPO process in China
Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
Li Auto terminates $2 billion at-the-market equity offering after raising over $500 million
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
Nio says report of $3 billion fundraising plan false
Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.
Nio mulling raising $3 billion from investors, report says
Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
Nio closes $1 billion convertible notes offering
Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.
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.
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.
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 position and for general corporate purposes.
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.