Smart and Sustainable Electric Mobility
Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
The post Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
The post Sunwoda's EV battery business kicks off IPO process in China appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
The post Li Auto terminates $2 billion at-the-market equity offering after raising over $500 million appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio is considering raising about $3 billion and has approached investors from the Middle East, Bloomberg said earlier today, citing people familiar with the matter.
The post Nio says report of $3 billion fundraising plan false appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
The post Nio mulling raising $3 billion from investors, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.
The post Nio closes $1 billion convertible notes offering appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post Nio prices $1 billion convertible notes at up to 4.625% coupon appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post Nio seeks to price $1 billion convertible notes at up to 4.75% coupon, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post Nio announces plan to issue $1 billion convertible notes, shares down after-hours appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.
The post Changan's EV arm Avatr closes $410 million in new funding appeared first on CnEVPost.
For more articles, please visit CnEVPost.
