Lates News

NIO announces that the company has completed a $1.16 billion equity issuance, including the issuance of 161 million American Depositary Shares (ADS) representing Class A common shares of the company, and the issuance of 20.995 million Class A common shares of the company. Additionally, the underwriters have fully exercised their option to purchase an additional 27.2727 million ADS of the company by September 10, 2025. The ADS were sold at a public offering price of $5.57 per ADS, and the Class A common shares were sold at an offering price of HK$43.36 per share. The company plans to use the net proceeds for the research and development of core technologies for smart electric vehicles, the development of future technology platforms and models under its brand, expanding the charging and battery swapping network, further strengthening its balance sheet, and for general corporate purposes.