The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
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
Knowledge |
China's electric vehicle industry
The launch of the NIO ET7 model in Chengdu, in China’s southwest Sichuan province. Photo: AFP
