EVsTechNode10 months ago
NIO Raises $1.16B in Share Sale
1 min read
NIO raised US$1.16 billion through a follow-on share sale, a week after a US$1 billion financing. Funds will support EV R&D, new platforms, and battery swap expansion. The Onvo L90 SUV delivered 14,500 units in 45 days, ranking among China's top three large SUVs for seven weeks.
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