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CnEVPost Newsletter: Nio denies report of new fundraising plan
Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.
Nio is considering raising about $3 billion and has approached investors from the Middle East, according to Bloomberg.
Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.
Nio will waive service fees for car owners using its swap stations along highways during the upcoming National Day holiday, rather than waiving both service and electricity fees as it had previously done.
The Xpeng P5 was the world's first production car to feature LiDAR when it went on sale on September 15, 2021, and now it's eliminating the component.
The 2024 G9 received more than 8,000 firm orders within 72 hours of launch, and deliveries began on September 21, Xpeng said.
Cumulative deliveries of the discontinued Li One exceed 210,000 units and cumulative deliveries of the Li L9 have exceeded 100,000 units.
The Aito M9 is available in EREV and BEV versions, both with an expected starting price range of 500,000 to 600,000 Chinese yuan.
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