Nio (NIO) plunges on report it may need to raise additional $3B from investors

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

China EV Maker NIO Said To Consider Raising $3B From Investors - Bloomberg

September 25, 2023 6:36 AM EDT

(Updated - September 25, 2023 7:23 AM EDT)

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... More

NIO (NIO) Closes $1B Notes Offering

September 25, 2023 5:53 AM EDT

NIO Inc. (NYSE: NIO) today announced the closing of its offering of US$500 million in aggregate principal amount of convertible senior notes due 2029 (the 2029 Notes) and US$500 million in aggregate principal amount of convertible senior notes due 2030 (the 2030 Notes, and, together with the 2029 Notes, the Notes) (the Notes Offering). The Notes were sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the Securities... More

Bernstein Reiterates Market Perform Rating on NIO Inc (9866:HK) (NIO)

September 24, 2023 12:37 AM EDT

Bernstein analyst Eunice Lee reiterated a Market Perform rating and HK$63.00 price target on NIO Inc (9866:HK) (NYSE: NIO).

... More

Nio (NIO) CEO calls for open minds as EU launches subsidy probe

September 21, 2023 2:38 PM EDT

William 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 EDT

Chinese 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 EDT

Barclay 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

China's Nio calls for 'open attitude' amid EU subsidy probe

September 21, 2023 6:37 AM EDT

SHANGHAI (Reuters) - The head of Chinese electric vehicle maker Nio said on Thursday he hoped all governments could have an open attitude rather than be isolationist, after the European Commission launched an anti-subsidy probe into Chinese-made EVs last week.

William Li made the comments at a media roundtable after the launch of Nio's first smartphone.

He said lessons to be learnt from China's new energy vehicle (NEV) development were to be open and welcome competition to benefit users and global sustainable development.

"As a public company... More

Recent $1 billion CB raise unlikely to be enough - Barclays on Nio

September 21, 2023 6:08 AM EDT

Barclays analyst Jiong Shao reiterated an Equalweight rating and $8.00 price target on NIO (NYSE: NIO).

The analyst commented: "We have highlighted our concerns around NIOs liquidity in the past, and we consider this recent $1bn CB raise unlikely to be... More