The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
Autos
Business /  Banking & Finance

China’s EV funding war: what do US$1.3 billion of oversubscribed notes say about NIO’s prospects in world’s biggest vehicle market?

  • Car maker prices US$1.3 billion worth of convertible notes more aggressively compared with a similar offering two years ago
  • NIO’s 2026 and 2027 convertible notes are oversubscribed by seven times 

Topic |   Autos
Alison Tudor-Ackroyd
Alison Tudor-Ackroyd

Updated: 5:18pm, 15 Jan, 2021

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The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
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