Mirattery

Mirattery's 501-million-yuan ($72.7 million) hold-type battery ABS has begun trading on the Shanghai Stock Exchange, marking a key step in its asset securitization.

Mirattery has issued a new green ABN with a total value of 1 billion yuan ($145 million) to support its battery asset business.

Mirattery brought in two new state-owned enterprise shareholders from Hefei in the new funding, expanding its Series C financing to nearly RMB 2 billion.

By the end of January, Mirattery's battery assets under management had surpassed 40 GWh.

Mirattery completed a Series C financing of nearly RMB 1 billion ($140 million), an expansion from the RMB 670 million announced in November.

Beyond additional investment from founding shareholders, Mirattery has brought in two state-owned enterprises as shareholders.

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

Mirattery said one of its founding shareholders, Hubei Science Technology Investment, has increased bet in its Series C round of financing.