Nio makes most of its time in the sun among investors. Photo: Bloomberg Nio makes most of its time in the sun among investors. Photo: Bloomberg
Nio makes most of its time in the sun among investors. Photo: Bloomberg

Nio plans stock sale worth US$3.12 billion as Chinese electric carmakers boost capital to challenge Tesla

  • Nio will price 60 million American depositary shares after close of US trading on Friday, with option to raise the size to 69 million
  • Stock placement, worth US$3.12 billion at current market price, could overtake recent add-on offerings by rivals Xpeng and Li Auto

Topic |   Banking & Finance
Nio makes most of its time in the sun among investors. Photo: Bloomberg Nio makes most of its time in the sun among investors. Photo: Bloomberg
Nio makes most of its time in the sun among investors. Photo: Bloomberg
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