NIO Inc. (NIO) issues statement, 'currently has no reportable capital raising activity'

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Go back to NIO Inc. (NIO) issues statement, 'currently has no reportable capital raising activity'

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