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Nio to Invest US$1.9 Billion in China Unit
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 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.
Hot stock: Nio rises 17.4% on news of strategic investment in China unit
SHARES of Nio shot up by as much as 21.9 per cent on Monday (Sep 30), following news that strategic investors will invest around 3.3 billion yuan (S$602.6 million) into its China unit Nio Holding Co,
11h
NIO Rallies 90%; But Is It The Best China Proxy?
While NIO's price has nearly doubled, its growth may be plateauing. See more about NIO stock and why other Chinese stocks may ...
13h
Why Nio Stock Surged Again Monday and Could Keep Rising
Nio may provide more information on the Onvo brand when it reports its September vehicle delivery results tomorrow morning.
2h
Apple, Nio, CVS Health, Stellantis, Tesla: Why These 5 Stocks Are On Investors' Radars Today
U.S. markets closed Monday slightly higher, with the Dow Jones Industrial Average edging up 0.04% to 42,330.15.
4h
NIO Turned The Corner And The Stock Is Ready To Advance
NIO's growth is driven by increasing vehicle deliveries, battery-as-a-service plans, and international expansion. Read why ...
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