NIO Raises US$1.16B in Share Sale, Backed by New SUV Momentum
NIO’s Onvo L90 SUV has a 240L frunk, which is the largest in the Chinese market, according to the company. Credit: NIO NIO (NYSE: NIO; HKEX: 9866; SGX: NIO) has raised US$1.16 billion (RMB 8.4 billion) through a follow-on share sale, just a week after completing another US$1 billion financing. The company said the funds will support R&D in core EV technologies, new platforms and models, and the expansion of its battery swap and charging network. The raise comes as NIO’s recent launches...








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