Fund Raising

Chery's IPO was priced at the upper end of its offering range, raising HK$9.14 billion ($1.18 billion).

Xpeng has completed RMB 710 million ($100 million) ABS issuance to supplement working capital and support the development of its leasing business.

Avatr may submit its Hong Kong IPO application as early as October and complete the listing by the second quarter of 2026.

Nio has completed its latest share offering, with underwriters fully exercising their over-allotment option, raising $1.16 billion.

Chery passed the Hong Kong Stock Exchange's listing hearing on September 7 and is expected to begin trading in Hong Kong later this month.

Dreame has completed its first round of funding for its EV unit, just two weeks after officially announcing its entry into car-making.

The pricing represents an 11 percent discount to Nio ADS's closing price of $6.28 on the previous trading day.

Nio will raise about $1 billion through the offering to fund R&D and strengthen its balance sheet.

Hesai plans to raise up to $500 million in its secondary listing in Hong Kong, with shares set to begin trading on September 16.

Seventy-five percent of the raised funds, or RMB 1.95 billion, will be allocated to developing new EV models and upgrading existing ones.