NIO (NIO) Closes $1B Notes Offering

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Go back to NIO (NIO) Closes $1B Notes Offering

Nio (NIO) denies reports of $3B fundraising effort

September 25, 2023 9:46 AM EDT

Chinese 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 EDT

Chinese 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