Nio China
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NIO to redeem 8.6% stake in NIO China from investors, shares up 3% pre-market
NIO has agreed to redeem 8.6 percent equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, according to an SEC filing.
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Central China's Hefei city to partner with NIO to promote construction of battery swap facilities
The city of Hefei in Central China's Anhui province plans to build battery swap facilities in partnership with NIO, and plans to add 40 new battery swap facilities in 2020 and 2021, according to local media Anhui News.
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NIO completes offering of new shares, why is it increasing ownership in NIO China?
Chinese EV maker NIO announced Wednesday the completion of the offering of 101,775,000 American depositary shares, each representing one Class A ordinary share, which included the exercise in full by the underwriters of their option to purchase up to an additional 13,275,000 ADSs, at a price of US$17.00 per ADS.
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Nio China secures 10.4 billion yuan credit line from six Chinese banks
Nio China today received a 10.4 billion yuan ($1.48 billion) credit facility from six Chinese banks, further strengthening its financial status.
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Nio China headquarters will be in Hefei, EC6 mass production starts
Nio signed a cooperation framework agreement with Hefei City, and leaders of Anhui Province and Hefei City attended the signing site. According to the agreement, the Nio China headquarters project will be settled in Hefei, Sina Tech reported on Tuesday.