Smart and Sustainable Electric Mobility
The $500 million 2029 notes bear interest at a rate of 3.875 percent per year and the other $500 million 2030 notes at 4.625 percent.
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The new G9 transitions to Xpeng's latest SEPA architecture and has a starting price that's RMB 46,000 lower than the old model.
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Zeekr is seeking an $18 billion valuation in a planned US IPO, though investors believe that's higher than they expected, according to local media.
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Wang Xing, CEO of Meituan, cashed in about HK$311 million last week in four consecutive sell-offs of Li Auto's Hong Kong-traded shares.
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Between September 1 and September 17, Li Auto was 20,100, Nio was 9,900 and Xpeng was 6,900.
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Nio will hold a launch event on September 21 from 11 am to 12 pm Beijing time to unveil a new mobile internet product, and it's expected to be its first phone.
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Nio seeks to price its 2029 notes at a coupon rate of 3.5 percent to 4.0 percent and its 2030 notes at a coupon rate of 4.25 percent to 4.75 percent, according to Bloomberg.
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Nio plans to use a portion of the net proceeds to repurchase certain existing debt securities, with the remainder to be used primarily to further strengthen its balance sheet position and for general corporate purposes.
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Shenzhen-based Appotronics is betting big on the automotive business, hoping to take the smart EV experience to the next level.
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The new EC6, like the ES6 and EC7, has an expected delivery time of 3-4 weeks, the shortest in Nio's product lineup.
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