Nio announced the pricing of its offering of 136,800,000 additional shares at HK$29.46 per share, for a total offering amount of HK$4.03 billion.
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Category: Nio
Nio plans to use the net proceeds for research and development of smart electric vehicle technologies and new products, further strengthening balance sheet as well as general corporate purposes.
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Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.
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According to the Nio CEO, negative public sentiment is to blame for a 30% drop in Onvo sales.
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Nio brand will launch a highly anticipated model in the fourth quarter, and Onvo will also begin deliveries a new model in the fourth quarter, which may be called the L80.
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The Firefly project was set up with a view to the global markets, not just a single market, Firefly president said.
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This post provides live updates on the key takeaways from Nio's fourth-quarter 2024 earnings call.
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Nio's net loss in the fourth quarter was a record RMB 7.11 billion yuan, an increase of 40.6 percent from the third quarter, as SG&A expenses hit a record high.
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CATL will increase its bet on Mirattery, in addition to advancing its investment in Nio Power, according to local media.
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The top notch Nio product is to be delivered this month.
The post Nio begins user test drives for ET9 executive flagship sedan, priced from 109,444 USD appeared first on CarNewsChina.com.