China EV Maker NIO Said To Consider Raising $3B From Investors - Bloomberg
China EV Maker NIO Said To Consider Raising $3B From Investors - Bloomberg
- Nio has approached investors from the Middle East.
- The fundraising could happen as soon as next year.
- The current talks are ongoing and details are subject to change; no certainty Nio will proceed with the fundraising.
- In June, Nio raised around $738 million from a share sale to Abu Dhabi’s CYVN Holdings LLC; earlier this month sold $1 billion of convertible bonds.