NIO Inc. (NIO) Prices $1B Convertible Notes Offering
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Nio (NIO) CEO calls for open minds as EU launches subsidy probe
September 21, 2023 2:38 PM EDTWilliam Li, the head of Chinese electric vehicle manufacturer, Nio (NYSE: NIO) expressed a desire for governments worldwide to adopt a more open-minded approach rather than isolating themselves. This statement followed the European Commission's initiation of an anti-subsidy investigation into electric vehicles produced in China... More
Nio (NIO) launches smartphone for use with company EVs
September 21, 2023 8:49 AM EDTChinese electric automaker, Nio Inc. (NYSE: NIO) launched their high-end smartphone Thursday, highlighting the advanced state of EV technologies in the world's biggest auto market.
The new phone is designed to be used with its electric vehicles, boasting a surplus of... More
Barclays cautious on Nio (NIO) as $1B CB raise highlights liquidity needs
September 21, 2023 8:39 AM EDTBarclay reiterated an Equal Weight rating on Nio Inc. (NYSE: NIO) with a 12-month price target of $8.00 on the stock after the Chinese electric vehicle maker raised $1b in convertible bonds (CB) to repay $720m in previously issued CBs that are either due or puttable in early 2024.
NIO is facing an upcoming... More
