Reported 8 days ago
Nio Inc. shares soared nearly 16% following the announcement of a 13.3 billion yuan ($1.9 billion) investment from existing shareholders and strategic investors to bolster its financial standing. The plan includes a cash infusion from both Nio and its investors, reducing the parent company's stake while enhancing liquidity and addressing fundraising concerns. Despite ongoing losses, Nio's sales exceeded expectations, highlighting the company's resilience in a competitive electric vehicle market.
Source: YAHOO