Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
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Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.
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Voyah partners with Tencent to develop intelligent technologies and boost its market performance.
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The first model in SAIC Roewe D-series will be available as an EV and a PHEV. Market entry by the year-end.
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Nio will waive service fees for car owners using its swap stations along highways during the upcoming National Day holiday, rather than waiving both service and electricity fees as it had previously done.
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The Xpeng P5 was the world's first production car to feature LiDAR when it went on sale on September 15, 2021, and now it's eliminating the component.
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The Xpeng P5 2024 starts from 21,500 USD in China after removing LiDAR sensor.
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The latest version of EV3 should help the model's struggling sales.
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