Fund Raising

This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today.

Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological collaborations in international markets.

At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.

CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July.

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 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 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 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 is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.

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.