China's Nio calls for 'open attitude' amid EU subsidy probe
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Nio (NIO) denies reports of $3B fundraising effort
September 25, 2023 9:46 AM EDTChinese electric vehicle maker, Nio Inc. (NYSE: NIO) released a statement Monday denying reports that the automaker is considering raising $3B in capital from investors.
The report, originally submitted by Bloomberg, cites unnamed sources familiar with the matter and claims the company has... More
Nio (NIO) plunges on report it may need to raise additional $3B from investors
September 25, 2023 7:40 AM EDTChinese electric vehicle maker, Nio Inc. (NYSE: NIO) fell nearly 7% in pre-market trading Monday morning following reports that the automaker is considering raising an additional $3 billion from investors.
Bloomberg reports, citing unnamed sources familiar with the matter, that the automaker has approached middle eastern investors concerning the fundraising. The sources... More
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
