Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan.
Nio China unit to get 13.3 billion yuan from parent, investors
CHINESE electric vehicle (EV) maker Nio Inc plans to pump in 13.3 billion yuan (S$2.4 billion) into its China unit with a mix of its own cash and strategic investors’ funds, an injection amid an expansion of its charging infrastructure and battery-swapping technology.
Nio China Unit to Get $1.9 Billion from Parent, Investors
Nio Holding Co., a China-based subsidiary of electric vehicle maker Nio Inc., will receive 13.3 billion yuan ($1.9 billion) of investment from the parent and a group of strategic investors.
Nio Surges on $1.9 Billion Injection From Parent, Investors
Nio Inc. jumped the most in nearly five months Monday after unveiling a cash injection worth 13.3 billion yuan ($1.9 billion) from existing shareholders.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit,
NIO Shares Jump After Unit Secures $1.9 Billion Investment
NIO’s shares in Singapore and Hong Kong surged after a unit of the Chinese electric vehicle maker secured a capital injection.
NIO Announces RMB3.3 Billion Investment in NIO China from Strategic Investors
In addition to the NIO Investment Amount, NIO also has the right to invest an additional RMB20 billion to subscribe for additional shares in NIO China by December 31, 2025 based on the same price and terms of the Investment Transaction.
NIO Shares Rally as China Unit Secures $1.9B Capital Infusion
Shares of Hong Kong-listed NIO ($HK:9866) rallied after its China unit secured a capital infusion of ¥13.3 billion ($1.9 billion) from its parent
Nio to Invest US$1.9 Billion in China Unit as EV Expansion Continues
Chinese electric vehicle (EV) manufacturer Nio Inc. is set to inject 13.3 billion yuan (US$1.9 billion) into its China unit through a combination of its own funds and contributions from strategic investors.
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Tesla's Chinese Rival Nio Snags $1.9B Investment From Parent, Strategic Investors As It Forays Into Mass Market
Nio, which operates in a capital-intensive industry, is to receive a much-needed cash boost, which could come in handy amid ...