Category: China

Nio announces plan to issue $1 billion convertible notes, shares down after-hours

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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China EV Daily (Sep 18): BYD Qin PLUS redesign spotted, Zeekr’s new hire, Xiaomi’s vehicle patent

BMW will design cars specifically for China, Zeekr recruits a former Honor exec, spy shot reveals BYD's new look and Xiaomi has a patent to make sure your car is ready when you are.

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Nio’s 1st chip to be for smart cockpit, based on 7 nm process, report says

Nio's in-house developed first-generation chips will be based on the 7 nm process and include a smart cockpit chip, an autonomous driving chip, and other chips including a CMOS image sensor chip, according to local media.

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