Smart and Sustainable Electric Mobility
Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological collaborations in international markets.
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At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.
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Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
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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.
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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.
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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.
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Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
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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.
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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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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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