Nio seeks to price its 2029 notes at a coupon rate of 3.5 percent to 4.0 percent and its 2030 notes at a coupon rate of 4.25 percent to 4.75 percent, according to Bloomberg.
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Nio plans to use a portion of the net proceeds to repurchase certain existing debt securities, with the remainder to be used primarily to further strengthen its balance sheet position and for general corporate purposes.
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The new EC6, like the ES6 and EC7, has an expected delivery time of 3-4 weeks, the shortest in Nio's product lineup.
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Nio's in-house developed first-generation chips will be based on the 7 nm process and include a smart cockpit chip, an autonomous driving chip, and other chips including a CMOS image sensor chip, according to local media.
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No one has really thought about how to design a phone around a car before, Li said.
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Lens Technology has long supplied lenses and related glass components to Apple and is also a core supplier to Tesla.
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The video of Nio launching the new EC6 features a phone showing the device with extremely narrow bezels and support for on-screen fingerprint unlocking.
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The new EC6 starts at RMB 358,000, or RMB 288,000 under the battery rental purchase option.
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The annual China International Import Expo, co-hosted by China's Ministry of Commerce and the Shanghai government, is the world's first import-themed national expo.
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Nio has added 500 new battery swap stations in China so far this year, meeting half of its target for this year.
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