Fund Raising

William Li talked about the reception of Nio's share placement, and said the company's in-house developed autonomous driving chip and operating system are open to the entire industry.

Nio priced its new share offering at HK$29.46 per share, a 9.49 percent discount to Thursday's closing price in Hong Kong, for a total offering amount of HK$4.03 billion.

Nio plans to issue up to 118,793,300 class A ordinary shares in offshore transactions outside the US to non-US persons.

CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.

The placing price is HK$335.2 per share, a 7.8 percent discount to BYD's closing price of HK$363.6 on March 3 in Hong Kong.

BYD is offering 118 million shares at a discount of up to 8.4 percent to Monday's closing price of HK$363.60, according to Bloomberg.

In the first three quarters of 2024, Chery achieved a net income of RMB 11.3 billion, up 58.5 percent year-on-year.

RoboSense expects to get up to HK$1 billion from the new share placement, with 70 percent of the money to be used for research and development, with a focus on robotics.

IM Motors plans to launch two BEV models and two EREV models in 2025, extending its model lineup to the hybrid market for the first time.

Avatr closed over RMB 11 billion ($1.5 billion) in series C funding, with a goal of going public in 2026.