Nio secures new capital for manufacturing subsidiary [Yahoo! Finance]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: Yahoo! Finance
announced it has entered into a definitive agreement with a consortium of domestic investors and existing shareholders to secure CNY3.3bn (US$471m) in new funding for its main manufacturing subsidiary Nio Holding Company – known as Nio China The fresh capital will help sustain the company's new technology development and manufacturing operations, which are located in Hefei in neighbouring Anhui province. Nio has two vehicle assembly plants in the province and a third facility was given the go-ahead earlier this year, which would increase the company's overall annual production capacity to 1 million vehicles. As a result of this fundraising round Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment, CS Capital and other shareholders will increase their combined holdings in Nio China from 7.9% to 11.7%, with Nio Inc's stake reduced to 88.3%. Nio Inc confirmed it will also “concurrently invest an aggregate of CNY10bn in cas
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News
- Should You Buy, Sell or Hold NIO Stock Post Mixed Q3 Results? [Yahoo! Finance]Yahoo! Finance
- NIO Inc (NIO) Q3 2024 Earnings Call Highlights: Record Deliveries Amidst Revenue Challenges [Yahoo! Finance]Yahoo! Finance
- Nio Inc - (NYSE: NIO) was downgraded by analysts at Macquarie from an "outperform" rating to a "neutral" rating. They now have a $4.80 price target on the stock, down previously from $6.60.MarketBeat
- Nio (NIO) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NIO Inc. (NIO) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
NIO
Earnings
- 11/20/24 - Beat
NIO
Sec Filings
- 11/20/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/1/24 - Form 6-K
- NIO's page on the SEC website